30 July 2010 19:02 [Source: ICIS news]
SAO PAULO (ICIS)--Brazil-based miner and fertilizer producer Vale reported fertilizer sales of $210m (€160m) , for the second quarter, up 73.6% year over year, an increase that reflected its stake in Fosfertil, the company said on Friday.
According to Vale, out of its total of $210m in fertilizer sales, $155m came from Vale's newly acquired stake in Fosfertil.
Second-quarter potassium sales were $55m, down from $121m reported for the same time last year, the company said.
“We expect a growth in demand during the second half of the year when domestic sales are seasonally stronger," the company said in a statement in Portuguese.
($1 = €0.76)
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