Platts proposes to launch two regional MAP CFR Brazil assessments; refine methodology of existing MAP CFR Brazil weekly range assessment

Platts, part of S&P Global Commodity Insights, proposes to launch two weekly price assessments for granular monoammonium phosphate (MAP), CFR Brazil South-Southeast and CFR Brazil North-Northeast, effective August 7, 2025.

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

The proposed assessments would be published as single "close" values and woul d have the following specifications:

Assessment Name : Monoammonium Phosphate Bulk CFR Brazil South-Southeast

Quality : Bulk granular monoammonium phosphate with 11% or 12% nitrogen, and 52% phosphorus content, MAP (12-52-0/11-52-0)

Quantity : 10,000-30,000 mt

Basis and location : CFR Paranaguá, Paraná

Timing : Delivered 20- 45 days forward

Frequency : Weekly (Thursdays)

Unit of assessment : $/mt

Timestamp : 16:30 São Paulo, following the São Paulo publishing calendar

Assessment Name : Monoammonium Phosphate Bulk CFR Brazil North-Northeast

Quality : Bulk granular monoammonium phosphate with 11% or 12% nitrogen, and 52% phosphorus content, MAP (12-52-0/11-52-0)

Quantity : 10,000-30,000 mt

Basis and location : CFR Itaqui, Maranhão

Timing : Delivered 20- 45 days forward

Frequency : Weekly (Thursdays)

Unit of assessment : $/mt

Timestamp : 16:30 São Paulo, following the São Paulo publishing calendar

Alignment of weekly range assessment methodology

Additionally, Platts proposes to align the specifications and formalize the relationship between the above two proposed assessments and the established weekly MAP Bulk CFR Brazil ( FMAPE04) assessment, effective Aug. 7, 2025.

The low and high of the weekly MAP range assessment would now be derived from the above proposed MAP CFR Brazil North-Northeast and CFR Brazil South-Southeast assessments. For example, if CFR Brazil North-North east is assessed at $700/mt and CFR Brazil South-Southeast at $720/mt, the CFR Brazil weekly range will be reported as $700-$720/mt under the existing symbol FMAPE04 . No fresh market information would be taken into account.

The specifications for the existing weekly assessment will also be adjusted to align with the above proposed assessments. The revised specifications for the CFR Brazil MAP assessment would read as follows:

This assessment would continue to appear in the Phosphates 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 July 10, 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.