Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Brazil reveals USD 1.6 billion spend on fertilizer from Arab countries  Join our daily free Newsletter

MENAFN Press - 06/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) The Brazilian market has reportedly spent over USD 1.6 billion on fertilizers coming from Arab countries during the first three quarters of 2013, reflecting a 41.07 per cent increase from the same period in 2012 or USD 1.1 million in growth. Products imported came from top Arab countries, including Qatar, Morocco, Kuwait, UAE, Egypt and Tunisia.

According to recent industry reports, Morocco was named as the top supplier of fertilizers to Brazil during the first nine months of 2013 with a spending of USD 933 million and a growth of 19.05 per cent from the previous year. This is followed by Qatar, with USD 325 million and a growth of 268 per cent. Egypt and Tunisia take third and the fourth place with USD 133 million and 96.49 million, respectively. Of the four countries mentioned, Qatar supplies nitrogenized products while Egypt provides quality urea at reasonable prices. Both Tunisia and Morocco are known in the industry as key suppliers and traditional producers of phosphates. In addition to the four countries, Bahrain and the UAE supplied fertilizer worth around USD 35 million each to tie a fifth place, while Kuwait is listed in sixth with USD 32 million.

In addition to this, fertilizer producing countries are now turning to the Brazilian market due to India's recent move to reduce its fertilizer imports. The country was once the leading importer of fertilizers, however, the depreciation of the rupee has prompted the Indian government to remove subsidies to phosphate imports, thereby driving in a reduction in local purchases. This move, in turn, has resulted in an impact on the global market, driving fertilizer prices down. Also causing a drop in phosphate prices is the partnership split between Russian firm Uralkali and Belarusio Na Potash Company, which used to dominate a large share of the global market.

Fertilizer shipments from Arab countries to Brazil have displayed a reduction in product value. In fact, the volume of imports made from Q1 to Q3 of last year has grown to 64.55 per cent as compared to 2012. Brazil bought a volume figure of around 3.9 million tonnes from Arab countries. However, the country's greater fertilizer imports are not restricted to Arab suppliers alone. The Brazilian National Fertilizer Association (Anda) has reported that during the first nine months of 2013, Brazil bought abroad a 23.83 per cent greater volume of fertilizers, or a total of 20.4 million tonnes. The growth is attributed to the growing demand for food, coming mainly from emerging nations, which has prompted Brazil to produce more agricultural commodities and thus needing more fertilizers.

In conclusion, the country's limited capacity for fertilizer production has led to the use of imports during agricultural production. Brazil produces 25 per cent of the fertilizer it uses and imports the remaining 75 per cent. In case of potassium chloride, imported products represent around 90 per cent of the total while the urea supply is 65 per cent foreign and 50 per cent of phosphates come from abroad.


About the Arab-Brazilian Chamber of Commerce
The Arab-Brazilian Chamber of Commerce represents 22 Arab countries. It was established in 1952 with the mission of strengthening commercial bonds between Brazil and the Arab countries, while increasing cultural and tourism exchange between Arabs and Brazilians. The entity provides various services, such as Document Certification, Market Data, Translation, among others, and promotes events, workshops and courses. It also offers the Commercial Knowledge Center, a reference center for research on commercial relations between Brazil and the Arab countries.

 






  MENA News Headlines
 Jul 23 2014 - Majid Al Futtaim posts USD3.5b H1 revenuesMENAFN
(MENAFN) Dubai-based shopping mall developer Majid Al Futtaim (MAF) posted a 14 percent growth in the first-half revenues, citing growing earnings across its business units, Emirates 24/7 ...

 Jul 23 2014 - Bahrain's BCFC profit up 13 percent in H1MENAFN
(MENAFN) Bahrain Commercial Facilities Company (BCFC) saw a 13 percent rise in consolidated net profit at USD19.1 million in the first half of the current year compared to USD16.88 million in the ...

 Jul 23 2014 - Asian, Western firms to invest in UAE's oilfieldsMENAFN
(MENAFN) Asian and western firms plan to help operate the UAE's biggest oilfields after a deal with oil majors expired this year, according to Arabian Business.A final decision on the winning firms ...

 Jul 23 2014 - Dubai's Arenco awards Chinese firms two contractsMENAFN
(MENAFN) China State Construction Engineering Co (CSCEC), the Asian superpower's third largest construction firm, has been awarded two contracts from Dubai-based based developer Arenco Real Estate to ...

 Jul 23 2014 - Kuwait- All must work to encourage youth to be creative productive: AmirArab Times
(MENAFN - Arab Times) WAIT CITY July 21 (KUNA): His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received Monday at Seif Palace the top ten winners of Al-Mubader Youth-Support and Small ...

 Jul 23 2014 - Female thief caught red-handed at Grand MosqueArab News
(MENAFN - Arab News) A female pickpocket was caught at the Grand Mosque in Makkah with more than SR100000 in cash gold mobile phones and women's bags an online paper reported.Field teams working with ...

 Jul 23 2014 - UAE's Just Falafel to expand in OmanMENAFN
(MENAFN) UAE-based food operator Just Falafel said it plans to expand in Oman in a deal to open 10 new outlets, according to Arabian Business.The new stores will be distributed in several places ...

 Jul 23 2014 - Africas oil amp gas sector continues to show substantial growth despite regulatory uncertaintyMENAFN Press
(MENAFN Press) JOHANNESBURG South-Africa July 23 2014/African Press Organization (APO)/ -- The challenges facing oil & gas companies operating in Africa continue to be diverse and numerous fuelled by ...

 Jul 23 2014 - Central African republic sanctions draw attention recomendationMENAFN Press
(MENAFN Press) NEW YORK July 23 2014/African Press Organization (APO)/ -- On 21 July 2014 the Security Council Committee established pursuant to resolution 2127 (2013) concerning the Central African ...

 Jul 23 2014 - Switzerland commits a further CHF 500000 to fight Ebola epidemic in West AfricaMENAFN Press
(MENAFN Press) BERN Switzerland July 23 2014/African Press Organization (APO)/ -- The SDC is allocating CHF 500000 to support Médecins Sans Frontières-Switzerland (MSF-Suisse) in its work to combat ...

more...


 






Google

Taqs

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help