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• The international urea market saw drastic price reductions this week across the board.
• Processed phosphate availability remains tight with the absence of China.
• The potash market is very quiet this week with Brazil being out of season and affected by bad weather and logistics issues.

• Winter production shrinks due to dry weather and absence of rainfall since Q1.
• Farmers lost some of their seeds and are switching to higher returning crops.
• Demand remains strong and so FOB prices are high for Q4.

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