Western Cornbelt:
The ammonium nitrate market was steady at $330-$360/st FOB in the Western Cornbelt, depending on location.
Brazil:
January-November ammonium nitrate imports firmed year-over-year, Trade Data Monitor reported, to 1.1 million mt from 678,000 mt in the same period of 2022. November imports totaled 180,000 mt, up from 50,000 mt in November 2022, with roughly 98% of the product coming from Russia.
Last year, Russia tightened its export rules at the same time buyers were working through the various sanctions placed on Russia due to the war in Ukraine. With the sanctions paperwork settled and exports of ammonium nitrate allowed once again, buyers such as Brazil appear to be making up for lost time in 2023.