17 September 2013 19:47 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Brazil’s fertilizer deliveries to end-consumers stood at 3.67m tonnes in August, an increase of about 5.5% from 3.48m tonnes in the prior-year period, the National Fertilizer Distribution Association (Anda) said on Tuesday.
Accumulated deliveries in the January to August period also rose by 5.6% to reach 18.82m tonnes, compared with 17.83m tonnes in the same period last year, the association said.
The country’s production of fertilizer intermediaries totalled 812,356 tonnes in August, down by about 16.0% from 967,003 tonnes in the same month last year, while accumulated production slipped by 1.3% to 6.25m tonnes from 6.33m tonnes.
Exports of nitrogen, phosphorous and potassium fertilizers for the month stood at 61,021 tonnes, up by about 6.2% from 57,435 tonnes, while exports in the January to August period climbed 52.4% to 477,488 tonnes from 313,320 tonnes.
The country imported around 2.23m tonnes of fertilizer intermediaries in August, down by 1% from 2.25m tonnes a year earlier. Accumulated imports reached 13.96m tonnes, up by 10.2% from 12.67m tonnes a year earlier, the association said.
Anda said in August that it expected investments in new fertilizer projects in Brazil to total around $13bn (€9.8bn) over the next five years. The association had previously estimated investments of around $19bn.
The figure was revised after the suspension of Brazilian mining company Vale’s $6bn Rio Colorado potash project in Argentina earlier this year.
($1 = €0.75)
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