Fertilizer prices fell by an average of 8% in June, according to the Mosaic index.

The Fertilizer Purchasing Power Index (IPCF), compiled by the input manufacturer Mosaic, ended June at 1.42, a result 7.5% lower than that recorded in May 2026. The drop mainly reflects the combination of a decline in agricultural commodity prices and a reduction in the average cost of the main fertilizers used in the country. Despite the decline in commodity and input prices, the exchange rate acted as a partial offsetting factor. The dollar rose 3% during the period, which helped to contain a more pronounced reduction in the IPCF. In the commodities market, there was an average drop of approximately 3% during the period. This movement was observed in relevant crops such as soybeans, with a decline of 1.1%; corn, with a drop of 5.2%; cotton, with a decline of 3.2%; and sugarcane, with a decrease of 4%. This behavior is related to the increased supply in the market and the entry of volumes from the Brazilian harvest, in addition to the start of the second corn crop harvest, which intensified the pressure on prices. On the fertilizer side, prices showed an average drop of about 8% in the month. The retraction was mainly driven by a 30% reduction in urea and a 9% drop in the price of single superphosphate. On the other hand, the prices of MAP (monoammonium phosphate) and MOP (potassium chloride) remained stable. In the domestic market, with the approach of the summer crop planting period, there is greater attention to the acquisition of the remaining fertilizers for soybean planting, especially phosphorus. The international scenario remains unstable. The weaker support for oil prices contributed to an environment of less pressure on commodity prices. Understanding the IPCF The IPCF is published monthly by Mosaic and consists of the relationship between fertilizer and agricultural commodity price indicators. The methodology consists of comparing the index to the 2017 baseline, indicating that the lower the ratio, the more favorable the index and the better the terms of trade. The IPCF calculation takes into account the main Brazilian crops: soybeans, corn, sugar, ethanol, and cotton. 

This text was translated by machine from Brazilian Portuguese.