Adds analyst comments, imports
SAO PAULO, July 1 (Reuters) – Brazil’s fertilizer imports in June totaled 4.15 million tons, compared to 3.5 million tons in the same month of 2021, according to government trade data released on Friday.
The figure indicates that Brazil, which imports almost all of the fertilizer it needs, should have enough supplies to start planting summer crops like soybeans and the first corn from September.
After the sanctions against Belarus and Russia, which are among the world’s largest fertilizer suppliers, some feared that Brazilian farmers would face a shortage of nutrients to feed key crops.
“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.
(Reporting by Roberto Samora and Ana Mano Writing by Ana Mano; Editing by Sandra Maler Editing by Jonathan Oatis)
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