Fertilizer market on the rise
Jun, 02, 2021 Posted by Ruth HollardWeek 202124
The increase in the price of commodities has benefited the fertilizer market in Brazil in an unprecedented way. The sector closed the year 2020 with sales of 40.5 million tons, a record and an increase of 12% compared to the previous year. Now it is already reaching a new record level.
The boom is the result of a combination of factors such as the growing demand for food, the exchange rate, and the advance of vaccination with its subsequent monetary injection into the import markets of our agricultural commodities.
The chart below, compiled with data from DataLiner, shows Brazilian fertilizer imports since 2015:
Brazilian Fertilizer Imports | Jan to Dec 2015-2020 | TEU
Graph source: DataLiner (click here to request a demo)
The accounting is simple: the more the country produces, the greater the demand for agricultural production inputs. The increase in productivity seen in recent decades, far greater than the expansion of the planted area, improves the scenario for the fertilizer sector.
The only drawback is the dependence on the imported product, which, by the way, worries the government more than the market players themselves.
Source: UOL
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