The major global importers of MAP

Brazil,Argentina,and Australia are the three major global importers of monoammonium phosphate,with Brazil leading the way in terms of monoammonium phosphate imports.The purchasing power of the Brazilian market for monoammonium phosphate determines the trading activity and market price trend of the global monoammonium phosphate market.In the first half of 2023,Brazil imported about 2.3 million tons of monoammonium phosphate,which slightly decreased compared to previous years.Firstly,the decline in agricultural product prices in Brazil has led to insufficient purchasing power for agricultural materials;Secondly,global phosphate fertilizer's bearish sentiment dominated in the first half of the year,with frequent short selling operations in the market.But in mid to late June,Brazil began to enter the market for procurement,driving up the international price of monoammonium phosphate.From the current planting season,it can be seen that Brazil focuses on fertilizer use around September.After entering the third quarter,Brazil has frequent replenishment operations,and the global ammonium phosphate market is relatively safe in the short term.Demand is stable,and there are still bullish expectations for prices.