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Brazil: purchasing power of fertilizers reaches the best level in 19 months

The Brazilian Fertilizer Purchasing Power Index (IPCF), calculated by the multinational Mosaic, closed at 0.99 points in January.

The indicator's average is the best of the last 19 months. The input is vital for agriculture.

The company released the data on Monday, 6.

According to the survey methodology, values below 1 indicate more favorable results for farmers.

From this level down, the exchanges are considered positive. In December 2022, the number closed at 1.02.

In January 2021, the average was even higher: 1.42.

"The result at the beginning of the year is due to the higher . . .

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