Fertilizer imports by Brazil will grow 7.5% in 2021, says MacroSector

The growth in fertilizer use in Brazil is associated with the performance of the agricultural sector, whose revenues were estimated to grow to around R$719 US$128) billion in 2021

RIO DE JANEIRO, BRAZIL - Fertilizer imports by Brazil should increase 7.5% in 2021, while sales in the country will grow 4.5% in the wake of a surge in agricultural income, pointed out consultancy MacroSector on Thursday, April 22.

Brazil, which imports most of its fertilizer consumption, will close 2021 with foreign purchases of 35.3 million tons, versus 32.85 million tons estimated for 2020, the consultancy said in a report.

Domestic sales will grow to a record 41.65 million tons, compared to an estimated 39.86 million tons last year.

The consultancy's expectation was slightly . . .

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