Brazil March fertilizer deliveries rise 3.3% year on year

15 April 2014 17:48 Source:ICIS News

MEDELLIN, Colombia (ICIS)--Brazil’s fertilizer deliveries to end-consumers came to just under 1.70m tonnes in March, up by 3.7% from 1.64m tonnes in the year-earlier month, according to statistics released on Tuesday by the country’s fertilizer distribution association.

Accumulated deliveries in the January-March period reached 5.99m tonnes, an increase of about 11% over 5.41m tonnes in the prior-year period, the Associacao Nacional para Difusao de Adubos (Anda) said.

Production of fertilizer intermediaries in March slipped by 4.0% to 731,307 tonnes from 761,814 tonnes, while accumulated production in the first three months fell by about 14% to 1.95m tonnes.

Imports of intermediaries continued to surge, which in March alone totalled 1.82m tonnes, an increase of about 53%, the association said. Accumulated imports stood at 4.71m tonnes, up by about 31% compared with the first three months of 2013.

From January to March, 2.23m tonnes of intermediaries arrived at the key port of Paranagua in the southern state of Parana, accounting for about 47% of total imports.

Brazil exported 52,075 tonnes of nitrogen, phosphorous and potassium fertilizers in March, up by about 48% year on year, while accumulated exports reached 152,378 tonnes, up by about 15%, Anda said.

By Simon West