{"id":99025,"date":"2026-06-29T12:47:27","date_gmt":"2026-06-29T15:47:27","guid":{"rendered":"https:\/\/murray.adv.br\/?p=99025"},"modified":"2026-06-29T12:47:27","modified_gmt":"2026-06-29T15:47:27","slug":"farmers-delay-fertilizer-purchases-as-debt-relief-talks-drag-on","status":"publish","type":"post","link":"https:\/\/murray.adv.br\/en\/farmers-delay-fertilizer-purchases-as-debt-relief-talks-drag-on\/","title":{"rendered":"Farmers delay fertilizer purchases as debt relief talks drag on"},"content":{"rendered":"
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Slower buying raises concerns over input supply, credit access and the size of Brazil\u2019s next grain harvest<\/em><\/strong><\/h6>\n<\/div>\n<\/div>\n
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The wait for potential government measures to support indebted farmers has led many producers to postpone purchases of some inputs for the 2026\/27 crop, weighing on business for resellers and manufacturers. The uncertainty has deepened delays in fertilizer buying, which is running 10 percentage points below the average pace seen in recent years.<\/p>\n<\/div>\n

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Rising defaults in rural areas, persistently high interest rates and delayed input purchases are raising doubts about the outcome of the next crop season, which could also feel the effects of El Ni\u00f1o. The issue has already triggered concern within the federal government.<\/p>\n<\/div>\n

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Jeferson Souza, a market analyst at Agrinvest, said soybean farmers had bought 68% of the fertilizer volume expected for the next crop as of the first half of June. That percentage already factors in an estimated reduction of about 10 percentage points in demand for these inputs in 2026\/27. The five-year average for this point in the season is 75%. For corn, which is planted after soybeans, the delay in fertilizer purchases is even larger, at 13 percentage points.<\/p>\n<\/div>\n

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According to Veeries\u2019 fertilizer sales index\u2014which covers soybeans, summer corn, second-crop corn, cotton, sugarcane, wheat and coffee\u2014farmers had purchased only 50% of the total fertilizer volume expected for 2026\/27 by the first half of June. The average for the past three years, as well as the pace at the same point in 2025, is 60%.<\/p>\n<\/div>\n

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Prices and debt<\/strong><\/p>\n<\/div>\n

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The main reason for the delays is the increase in fertilizer prices, said Bruno Fardim Christo, Veeries\u2019 grains and fertilizers specialist. Sales of seeds and crop protection products are in line with the average, he said.<\/p>\n<\/div>\n

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Experts say expectations over debt renegotiation in Congress have become a new factor behind the delays in input purchases, particularly fertilizers. They note, however, that the industry was already under pressure from the effects of the wars in Iran and Ukraine, which have made these inputs more expensive, as well as from high interest rates and lower farmer profitability.<\/p>\n<\/div>\n

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\u201cThere is indeed a correlation. Debt and farmers\u2019 financial situation have, in a way, an influence [on the delays]. The cause is multifaceted,\u201d said Bernardo Silva, executive director of the National Union of the Fertilizer Raw Materials Industry (Sinprifert).<\/p>\n<\/div>\n

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Other industry executives say that, as buying decisions are pushed back, some fertilizer shipments may not arrive at farms in time for the next summer crop planting. Similar complications have already hit the agricultural machinery industry, where sales fell 18% from January to April. Manufacturers expect to end the year with revenue 8% lower than in 2025.<\/p>\n<\/div>\n

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Crop risk<\/strong><\/p>\n<\/div>\n

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With fertilizer use expected to decline, credit access becoming more difficult and concerns growing over weather conditions because of El Ni\u00f1o, the market has started to price in a possible reduction in the next grain harvest. \u201cThere are several reasons to say we may have smaller crops ahead,\u201d one industry executive said.<\/p>\n<\/div>\n

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That outlook is also under review at the Ministry of Agriculture. The ministry created a committee, which met for the first time last week, to discuss scenarios for the impact of climate problems on production. There are no forecasts yet, but the greatest concern is the lack of resources to subsidize rural insurance, as well as the absence of a guarantee fund that would allow farmers to obtain new financing.<\/p>\n<\/div>\n

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In private conversations with financial-sector executives, farmers have already reported plans to reduce planted area and prioritize work in consolidated, lower-risk fields where margins may be positive. \u201cFarmers in difficulty will have less capacity to operate because of a lack of credit and other factors. A smaller crop is likely,\u201d a bank director said.<\/p>\n<\/div>\n

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Reseller pressure<\/strong><\/p>\n<\/div>\n

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CropLife Brasil, which represents seed, crop protection, bioinput and biotechnology companies, said the market is facing a cyclical problem that is disrupting business with farmers. There is no \u201ccontraction\u201d in the market, according to executive manager Renato Gomides, but delays in product sales are evident.<\/p>\n<\/div>\n

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Last week, Eduardo Monteiro, the executive who heads Brazilian operations at fertilizer U.S. multinational Mosaic, said expectations surrounding the debt renegotiation bill have stalled talks and are affecting resellers in particular. The situation has deteriorated since April, he told journalists at an event in S\u00e3o Paulo.<\/p>\n<\/div>\n

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Andav, the National Association of Agricultural and Veterinary Input Distributors, did not respond to requests for comment.<\/p>\n

*By\u00a0Rafael Walendorff\u00a0and\u00a0Danton Boatini J\u00fanior\u00a0\u2014 Bras\u00edlia and S\u00e3o Paulo<\/p>\n

Source: Valor International<\/p>\n

https:\/\/valorinternational.globo.com\/<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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