Brazil fertilizer demand up 4.3% in 2012, hits record high

08 February 2013 23:47  [Source: ICIS news]

MEDELLIN, Colombia (ICIS)--Brazil consumed a record 29.53m tonnes of fertilizers in 2012, an increase of 4.3% over 28.32m tonnes recorded in 2011, the country’s fertilizer distribution association (Anda) said on Friday.

Fertilizer consumption in December totalled 1.83m tonnes, a slight increase of 1% from 1.81m tonnes recorded for the same month in 2011, Anda said.

Domestic production of intermediate fertilizers in 2012 stood at 9.72m tonnes, down by 1.4% from 9.86m tonnes recorded for the previous year. Production in December fell by 6.3% year on year to 769,953 tonnes.

Exports of nitrogen, phosphorous and potassium fertilizer in 2012 stood at 517,306 tonnes, down by 23.4% from 675,037 tonnes in 2011, the group said.

Imports of intermediate fertilizers for the year totalled 19.50m tonnes, down by 1.7% compared to 19.85m tonnes in 2011.

Exports in December were down by 2.4% year on year to 50,182 tonnes, while imports in December were up by 24.9% to 1.5m tonnes, Anda said.

In December, Brazil’s development bank (BNDES) announced it would lend Brazilian reais (R) 2.2bn ($xx, €xx) to Brazil state energy firm Petrobras for the construction of the largest nitrogen fertilizer complex in Brazil.

BNDES said the project would help Brazil reduce its dependence on fertilizer imports. The complex is expected to come on line in September 2014.

By: Simon West

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