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Fertilizer deliveries in Brazil decline during first trimester of 2017
Jun. 8, 2017
The Brazilian National Association of Fertilizer Distributors (Anda) indicated that 1.38 million tons of fertilizers were delivered during the month of April. This represents a decline of 21.8% from March of this year and down 16% form April of last year.
The accumulative total of fertilizer deliveries from January through April was 7.8 million tons or 0.6% less than the prior year. The volume is expected to increase in the coming months as farmers gear up for the 2017/18 growing season.
Historically, the sale and delivery of fertilizers in Brazil begins increasing in May and peaks in September/October. According to Scott Consultoria, domestic nitrogen fertilizer prices in Brazil increased 2% in May with a 0.1% and 0.3% increase for potassium and phosphorus respectively.
Source: Soybeans&Corn Advisor
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