Brazil July fertilizer deliveries rise 14% year on year

15 August 2013 19:20  [Source: ICIS news]

MEDELLIN, Colombia (ICIS)--Brazil’s fertilizer deliveries to end-consumers totalled 2.99m tonnes in July, up by about 14% from 2.62m tonnes in the prior-year month, the National Fertilizer Distribution Association (Anda) said on Thursday.

Accumulated deliveries in the first seven months of the year reached 15.15m tonnes, an increase of about 6% compared with 14.35m tonnes in the same period in 2012.

Brazil’s production of fertilizer intermediaries for the month stood at 810,630 tonnes, down by about 7% compared with 868,720 tonnes a year earlier, the association said.

Domestic output in the January through July period inched up 1.5% to 5.44m tonnes from 5.36m tonnes in the prior-year seven-month period.

Imports of fertilizer intermediaries in July fell by abut 19% to 2.07m tonnes from 2.56m tonnes a year earlier, while accumulated imports for the year were up by about 13% to 11.80m tonnes from 10.43m tonnes.

Exports of nitrogen, phosphorous and potassium fertilizers totalled 74,660 tonnes, up by about 57% from 47,427 tonnes in the prior-year month. Exports in the January-July period soared by about 63% to 416,427 tonnes from 255,855 tonnes.

Meanwhile, Norwegian company Yara announced last week that it had completed the $750m (€563m) acquisition of US agribusiness company Bunge’s Brazilian fertilizer operations.

In an interview on Friday with Brazilian newspaper Valor Economico, the president of Yara Brazil, Lair Hanzen, said that the company’s market share in Brazil’s fertilizer sector should increase to 25% following the acquisition.

Other major participants in the sector include Heringer, Fertipar and Mosaic.

($1 = €0.75)

By: Simon West

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