Platts 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, will launch two daily price assessments for Granular Urea, CFR Brazil North-Northeast and CFR Brazil South-Southeast, effective Aug. 1, 2025.

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

The assessments will 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 will be published as a single "close" value with a 16:30 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 will amend the specifications for the existing weekly granular urea CFR Brazil $/mt (FGUBC04), effective Aug. 1, 2025.

The assessed range will continue to be published every Thursday at 16:30 Sao Paulo timestamp, and will reflect the lowest and highest values published during the week from the two daily granular urea CFR Brazil NNE and SSE assessments mentioned above. No fresh market information will be taken into account.

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

Platts will also align the specifications for this range assessment to match those of its inputs. The updated specifications for weekly CFR Brazil are as follows:

The daily assessments will appear in Fertecon daily. The weekly assessment currently appears in the Nitrogen Market Report and on Platts Connect.

The changes were initially proposed by Platts in a subscriber note published June 10.

Please send any feedback, questions and comments to fertilizer@spglobal.com and pricegroup@spglobal.com.

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.