17 April 2013 18:27 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Brazilian fertilizer sales totalled 1.643m tonnes in March, down by 4.3% from 1.717m tonnes in the same month last year, the country’s National Fertilizer Distribution Association said on Tuesday.
Sales in the January through March period reached 5.412m tonnes, an increase of 2.0% over sales of 5.307m tonnes in the previous-year quarter, Anda said.
Brazil’s domestic production of fertilizer intermediaries in March totalled 761,814 tonnes, 3.2% higher than the 737,995 tonnes produced a year earlier, Anda said. For the quarter, production grew by about 2.5% year on year to 2.26m tonnes.
Exports of nitrogen, phosphorous and potassium fertilizers were 35,312 tonnes in March, up by 60% from 22,040 tonnes exported a year earlier. Exports in the quarter reached 132,773 tonnes, up by 66% year on year.
Imports of intermediate fertilizers for the month stood at just over 1.18m tonnes, up by 26% from 939,092 tonnes a year earlier, while imports for the quarter increased by 18% year on year to 3.58m tonnes.
Brazil’s national development bank (BNDES) recently announced plans to increase spending on fertilizer projects in the coming years in an effort to reduce dependence on imports.
Financing for nitrogen, phosphorous and potassium projects is expected to increase to Brazilian reais (R) 2bn ($1bn, €760m) by 2015, the bank said.
($1 = €0.76; $1 = R1.99)
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