SÃO PAULO - The delivery of fertilizers to Brazil's rural producers shrunk by 1.9 percent in March compared to the same month of last year, after having taken off in a surprising way in the first two months of the year with a good ratio of exchange between the price of compost and agricultural products, the National Association for Diffusion of Composts (Anda) reported.
Despite the retreat in March, to 1.7 million tons, cumulative deliveries for the quarter increased by 6.8 percent, to nearly 6 millions tons, a historic record for the period, Anda said in a statement this Tuesday.
Imports of intermediate fertilizers by Brazil, which imports most of what it needs, recorded a fall of 8.6 percent in March, versus the same month of 2015, to 1.1 million tons, while for the quarter, it increased by 7.8 percent, to 4.19 million.
The state of Mato Grosso, Brazil's largest producer of soybeans and corn, concentrated the largest volume of deliveries in the first quarter of 2016, reaching 1.2 million tons; followed by Minas Gerais, with 839,000 tons; and Paraná, with 810,000 tons.
The national production of intermediate fertilizers in the cumulative total for the quarter reached 2.05 million tons, receding 7.1 percent, a reflection of scheduled stops for maintenance, according to Anda.
Source: Reuters, via DCI, on April 12, 2016