Fertilizer prices in Brazil jump 3.3% month on month - consultant

19 September 2012 19:43  [Source: ICIS news]

CAMPINAS, Brazil (ICIS)--Brazilian prices for fertilizers in the first half of September grew by 3.3%, month on month, as a result of a higher demand caused by the country’s grain harvest, a consultant said on Wednesday.

Rafael Ribeiro of Scot Consultoria said the rise was also a result of an increase in the costs of production and transportation, adding the average price for fertilizers reached Brazilian reais (R) 1182.41/tonne ($579.38/tonne, €440.33/tonne).

Ribeiro said the consultancy researched the prices of different fertilizers, such as nitrogenous, phosphate and potassium in order to calculate the average.

Prices for ammonium sulphate increased by 1.4% in the first half of September, month on month, assessed at Brazilian R878/tonne, Scot said.

Potassium chloride granulate prices grew by 1.1% month on month in the same period, assessed at Brazilian reais R1,465/tonne, it said.

Prices for phosphate fertilizers fell by an average of 2.7%, while prices for granulate superphosphate fertilizers rose by 3.3%, reaching R817/tonne, the consultancy said.

Prices for superphosphate, increased by 1.7%, hitting R1,310/tonne, while monoammonium phosphate (MAP) and diammonium phosphate (DAP) each increased by 3.2%, hitting R1553/tonne and R1561/tonne, respectively, the consultancy said.

The consultant said the Brazilian fertilisers market was booming,  citing information released by the nation's Fertilizer Distribution Association (Anda) , which said Brazil sold 17.794m tonnes of fertilisers in the first half of 2012, from 16.971/tonnes during the same period last year.

Currently, Brazil imports around 70% of the fertilisers it consumes.

($1 = R2.02) ($1 = €0.76)

By: Leo Siqueira
+1 713 525 2600

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