Brazil’s fertilizer imports jump as farmers prepare to plant new crops

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A farm worker drives a tractor spreading fertilizer in a soybean field, near Brasilia, Brazil February 15, 2022. REUTERS/Adriano Machado/File Photo

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SAO PAULO, July 1 (Reuters) – Brazil’s fertilizer imports jumped 18.6% in June to 4.15 million tonnes, government data showed on Friday, dispelling fears of disruptions to deliveries amid trade sanctions against major suppliers.

The data suggests that Brazil, which imports around 85% of its fertilizer needs, should have enough of these inputs to start planting summer crops like soybeans and early corn from September.

After sanctions against major producers in Belarus and Russia, there has been speculation that Brazilian farmers could face a shortage of nutrients to feed key crops, leading to reduced applications and slower expansion of crops. cereal areas.

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The strong trade flows underscore Brazilian diplomatic efforts to secure deliveries after Russia invaded Ukraine.

Agriculture Minister Marcos Montes said at a recent event that President Jair Bolsonaro’s action had been decisive on the issue of fertilizer supply, adding: “We do not foresee any pipeline breaks. supply this harvest, which we feared so much”.

“With imports of 4.15 million tonnes in June and an expected reduction in fertilizer use on the next soybean crop, farmers are assured,” Jeferson Souza, an analyst at Agrinvest Commodities, told Reuters.

According to data compiled by Souza, this is the highest import volume for the month of June in the past five years, and it is also the second month in a row this year that imports have exceeded 4 million tons.

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Reporting by Roberto Samora and Ana Mano Writing by Ana Mano; Editing by Sandra Maler, Will Dunham and Jonathan Oatis

Our standards: The Thomson Reuters Trust Principles.

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