Platts proposes to launch two daily Granular Urea CFR Brazil assessments; refine methodology of weekly Granular Urea CFR Brazil range assessment

Platts, part of S&P Global Commodity Insights, proposes to launch two daily price assessments for Granular Urea, CFR Brazil North-Northeast and CFR Brazil South-Southeast, effective Aug. 1, 2025.

The proposed assessments would capture market activity in Brazil's different regions and complement Platts' existing coverage of the urea market in the country.

The proposed assessments would have the following specifications:

• Assessment Name: Granular Urea CFR Brazil NNE

• Quality: 46% N, granular urea in bulk

• Quantity: 5,000-25,000 mt

• Basis and location: CFR Itaqui, Maranhão

• Timing: Shipments arriving at destination ports 7 to 30 days from the date of publication

• Frequency: Daily

• Unit of assessment: $/mt

• Timestamp: 16h30 São Paulo, following the São Paulo publishing calendar

• Assessment Name: Granular Urea CFR Brazil SSE

• Quality: 46% N, granular urea in bulk

• Quantity: 5,000-25,000 mt

• Basis and location: CFR Paranaguá, Paraná

• Timing: Shipments arriving at destination ports 7 to 30 days from the date of publication

• Frequency: Daily

• Unit of assessment: $/mt

• Timestamp: 16h30 São Paulo, following the São Paulo publishing calendar

The daily price assessments would be published as a single "close" value with a 1630 São Paulo timestamp, and they will follow the São Paulo publishing calendar. Both will consider the price information gathered up to the close of the assessment process, including firm bids and offers, trades, and indicative values, as any other data deemed relevant.

Additionally, Platts proposes to amend the specifications for the existing weekly Granular Urea CFR Brazil $/mt (FGUBC04), effective Aug. 1, 2025.

The assessed range would continue to be published every Thursday at a 16h30 Sao Paulo timestamp, and would reflect the lowest and highest values published during the week from the two daily Granular Urea CFR Brazil NNE and SSE assessments proposed above.

Following the proposed launch of the regional price assessments, these changes would ensure that the assessment reflects the granular urea market activity in the whole country.

Platts would also align the specifications for this range assessment to match those of its inputs.

This assessment currently appears in the Nitrogen Market Report and on Platts Connect.

Please send any feedback, questions and comments on this proposal to fertilizer@spglobal.com and pricegroup@spglobal.com by June 24, 2025.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.