Fertilizer imports grew 10% in April

Despite the geopolitical and logistical challenges that affected global trade and led to significant price increases among inputs, Brazil has boosted fertilizer imports in April.

Data from the Foreign Trade Secretariat (Secex) of the Ministry of Economy released on the 25th show that imports in April have already exceeded 2 million tonnes. The volume registered until last Friday is already 10% greater than in the same month of 2021 (1.8 million tonnes).

The government has imported about 6.5 million tonnes of chemical fertilizers since January. Purchases have grown even more in terms of value. Fertilizer imports reached US$ 1.3 billion in April, up 258% from the same month last year (US$ 527.9 million).

The price per tonne went from US$ 280 in April 2021 to US$ 634.5 now, an increase of 126%. The daily average of shipments increased from 94.19 thousand tonnes to 149 thousand tonnes a day in comparison.

The Ministry of Agriculture monitors the flow of purchases and fertilizer arrivals daily, keeping an eye on the rising quantities and raising the red flag over rising costs. Internally, however, the mood is upbeat, especially when it comes to maintaining Russian goods supplies, which pass through St. Petersburg on the Baltic Sea, far from the Ukraine crisis.

Check below the track record of Brazilian fertilizer imports from Russia, its main supplier of the product. The period analyzed includes the entire year of 2021 and 2022 until its second month. The data are from DataLiner.

Brazilian Fertilizer Imports from Russia |Jan 2021 – Feb 2022 | WTMT

Source: DataLiner (click here to request a demo)

On Monday, the Minister of Agriculture, Marcos Montes, met in Brasília with Corrine Ricard, president of Mosaic Fertilizantes, one of Brazil’s leading suppliers of fertilizers. The executive reported the work that has been done by the company to “maintain supplies and said that the country is a “preferred customer,” according to Valor.

Source: Valor Econômico

To read the full original article, please go to:

https://valor.globo.com/agronegocios/noticia/2022/04/26/importacao-de-fertilizantes-cresce-10percent-em-abril.ghtml

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