Brazil Vale Q2 fertilizer sales rise 73.6% on Fosfertil stake

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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By: Hellen Berger
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