09/10/24
Brazil’s MAP imports down 9pc in September
Sao Paulo, 9 October (Argus) — Brazilian MAP imports dropped by 9pc in
September, as the country is in its lull season. Imports dropped to 433,540
metric tonnes (t) in September, after having seasonally increased every month
since May. This represents a 23pc decrease from August. Imports from Russia
accounted for 213,308t, or 49pc of all deliveries. This is 2pc above the same
month last year. The country was followed by Saudi Arabia with 86,055t, or 20pc
of deliveries, and a 50pc increase over the year prior. Morocco deliveries
dropped by 50pc on the year, totaling 83,186t, or 19pc of the total. Deliveries
from China fell by 47pc to 21,577t in September from a year prior. Receipts
totaled around 3.3mn t year-to-date September, down from around 3.8mn t in the
same period in 2023. This mainly reflected lower imports earlier this year, when
buyers were waiting for more advantageous prices before committing to volumes.
Russia, Morocco and Saudi Arabia were the main suppliers to Brazil in the
period, accounting for 52pc, 26pc and 16pc, respectively, of Brazil's imports.
But their volumes fell by 6pc, 19pc and 20pc year-to-date September from a year
prior, respectively. TSP deliveries up Brazil's TSP imports increased by 61pc in
September from the year prior, as some delayed volumes continued to arrive in
the country. Imports reached 257,570t in the month, up from 159,753t last year.
The volume, however, is slightly below August figures of 270,370t. Morocco
accounted for 61pc of the volume with 157,912t, followed by China with 42,800t,
or 17pc of the total, and Israel with 29,400t, or 11pc. From January-September,
deliveries reached 1.3mn t, 23pc above the 1.07mn t from a year earlier.
Morocco, China, Israel and Egypt were the main suppliers, accounting for 73pc,
9pc, 8pc and 7pc of total intake, respectively. SSP imports also increase For
SSP, imports rose on the year by 23pc to 291,346t in September, as tight
availability of MAP led buyers to lower P2O5 content fertilizers, aiming at
supplying late-planting soybean areas. This is also above the 285,238t
registered in August. Egypt was responsible for 69pc of the deliveries, with
200,307t. Israel accounted for 37,470t, 14pc of the total, almost doubling the
volume delivered in the same month in 2023. India accounted for 13pc of the
total, from no volume last year. For the nine-month period, imports totaled
2.3mn t, 22pc higher than the same period in 2023. Egypt, Israel and China were
the main suppliers, accounting for 63pc, 14pc and 12pc, respectively, of the
total. Imports from China more than doubled to 279,318t year-to-date September
from a year earlier. Egypt figures represent a 27pc increase over the period
from a year earlier, while Israel deliveries dropped by 15pc in the nine-month
period from a year earlier. India deliveries reached 143,693t year-to-date
September from 32,999t a year earlier. By Gisele Augusto Send comments and
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