Fertilizer imports in the 1st half have doubled over the last six years

The volume of fertilizers imported by Brazil between January and June has doubled within the last six years. In the first half of this year, there were 16.6 million tons, against 8.8 million in 2015, according to the logistic bulletin of CONAB (the national supply company).

“The potential of Brazilian agribusiness has allowed producers to import more and more inputs to consolidate their production, and for this reason, the scenario of aggressive advance purchases in the international market remains”, says the bulletin.

Other factors influencing this trend are the capitalization of producers and the favorable exchange ratio due to high grain prices. On the other hand, the increase in imports reinforces Brazil’s dependence on the international market. Currently, Brazil imports over 85% of the fertilizers it consumes.

See the chart below for a comparison of fertilizer imports by Brazil in the first half of the last six years. Data are from DataLiner:

Brazilian Fertilizer Imports (Chap. 31) | Jan to Jun 2015-2021 | WTMT

Graph source: DataLiner (click here to request a demo)

The countries that export most fertilizers to Brazil are Russia, China, Canada, Morocco, Belarus, Qatar, the United States, Germany, and the Netherlands.

Source: Valor Econômico

To read the full original article, visit the link:

https://valor.globo.com/agronegocios/noticia/2021/08/04/importacao-de-fertilizantes-no-1o-semestre-dobrou-nos-ultimos-seis-anos.ghtml

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