Peruvian urea imports climb 4% in Jan-Oct period

03 December 2012 11:47  [Source: ICIS news]

LONDON (ICIS)--Peruvian urea imports in the first ten months of 2012 grew 4% year on year to $154m (€119m) as the South American country continued to expand its agricultural sector at a robust rate, official data revealed on Monday.

Statistics compiled by ComexPeru showed the Andean nation imported about $69m of urea from Russia in the January-October period, while Ukraine exported around $59m of urea to Peru – up 72% from the year-ago period – and Venezuela about $11m.

According to the Lima-based foreign trade body, Peru's urea imports have increased by an average 19% a year since 2006, with annual urea imports totalling $178m in 2011.

The group cited a strong performance by Peru’s agricultural industry – which has expanded by about 4% a year – for the sharp rise in demand for foreign fertilizers like urea.

Molinos & Cia, Misti Corporation, Inkafert, Gavilon Peru and ADM Andean were the main importers of urea during the latest ten-month period, ComexPeru added.

($1 = €0.77)

By: Richard Ewing
+44 208 652 3214

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