0
Home
News
Directory
E-newsletter
Magazine
Events
Data
AgReport
Subscribe
Mosaic expected Brazil fertilizer sales will down to about 30 million in 2015
Aug. 17, 2015
The Mosaic Company
United StatesFollow
United StatesFloris Bielders, the head of U.S. fertilizer company Mosaic Co in Brazil, recently predicted that Fertilizer sales in Brazil will likely be between 30 million and 31 million tonnes in 2015, down from 32.2 million tonnes in 2014 due to market uncertainty.
Bielders said farmers were not booking sales as far in advance as usual, which could result in a crunch at Brazilian ports when the imported products finally arrive, potentially resulting in delayed delivery."Farmers are waiting because there is a lot of volatility in prices of the grains and of the fertilizers," Bielders said, adding that a weaker Brazilian currency had made the cost of imported fertilizers more expensive.
Farmers benefit from the real, which has been trading at its weakest levels in 12 years, when they sell soybeans and other crops that are priced in dollars.
Farmers will start planting the 2015/16 grain crops in mid-September in Brazil, the world's No. 2 soybean producer, and analysts expect soy area to expand less than in recent years with lower margins expected. Late or decreased application of fertilizer could result in lower yields from the upcoming crops.
Source: Reuters
More from AgroNews
Change
Hot TopicSubscribe
| Subscribe Email: | * | |
| Name: | ||
| Mobile Number: | ||
Comment
0/1200
NEWSLETTER