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The data shows that all product imports have increased, with potassium chloride increasing by 78.6%, monoammonium phosphate by 27.1%, and urea increasing by 19.8%. Fertilizer exports also reached 629,000 tons, a year-on-year increase of 56%. At the same time, from January to October, the total fertilizer production in Brazil reached 7.711 million tons, an increase of 11.0% year-on-year. Nitrogen fertilizer and phosphate fertilizer output increased by 0.5% and 10.7% respectively, but potassium fertilizer production decreased by 7.2% year-on-year.
It is understood that from January to October 2010, according to the amount of deductions, Brazil's fertilizer shipments rose as high as 7.6%. Thanks to the high demand for sugarcane, coffee, rice and cotton, the nitrogenous fertilizer delivery volume reached 2.19 million tons, a year-on-year increase of 6.3%. The reduced fertilization demand for corn and wheat resulted in 2.82 million tons of P2O5 phosphate fertilizer deliveries, a decrease of 3.4% year-on-year. The use of potash increased by 20.4% year-on-year, reaching 3.13 million tons of K2O and returning to the highest level in history.
According to the latest forecast by Brazilian domestic market analysts, in 2010, the domestic chemical fertilizer market in Brazil will reach at least 23.5 million tons of chemical fertilizers, an increase of 4.6% year-on-year. The forecast also shows that in November and December, Brazil's fertilizer imports will reach 2.9 million tons, a year-on-year increase of 52.2%. According to this calculation, the annual chemical fertilizer imports will reach 15.4 million tons in 2010, an increase of 39.4% over the same period of last year.
Brazil's fertilizer imports increased by 37%
According to data released recently by the Brazil Fertilizer Industry Association, the demand for fertilizers in Brazil in the first 10 months of this year was significantly higher than expected, much higher than the same period last year. From January to October, Brazil's chemical fertilizer delivery reached 1999.50 tons, an increase of 6.4% year-on-year; fertilizer imports reached 12.5 million tons, an increase of 36.7% year-on-year, accounting for 63% of Brazil's total fertilizer requirement.