Just in:  

You are here: Home»Agriculture & Allied»Pakistan»Yara says Brazil fertilizer sales slower in 2015

Yara says Brazil fertilizer sales slower in 2015

Tight credit in Brazil has slowed the sale of fertilisers in Latin America's biggest agricultural producer, executives of Yara, the biggest supplier of the crop nutrients in Brazil, said on Tuesday. In the first quarter of 2015, fertilizer sales fell 5 percent from a year ago, according to the fertilizer distributors association Anda.

Norwegian fertilizer producer Yara, which accounts for a quarter of Brazil's fertilizer market, said its own sales were even slower than first-quarter Anda statistics indicate. "Intead of having three or four months of sales already closed, we have only two or one month ahead," said Yara sales director in Brazil, Cleiton Vargas. At the start of a fiscal austerity push, Brazil's government is reining in subsidised credit widely, including for agriculture, which is heavily dependent on cheap state-led financing. Fortunately for Yara and other fertilizer companies, local grain producers are flush with cash after several years of big crops at good prices. Soy and corn prices have since eased with bumper output from both Brazil and the United States. Yara's president in Brazil, Lair Hanzen, said it was still possible later in 2015 that the company's sales here catch up with last year, later in 2015.

Copyright Reuters, 2015


Index Closing Chg%
Arrow DJIA 17,719.92 0.44
Arrow Nasdaq 5,108.67 0.37
Arrow S&P 2,080.41 0.46
Arrow FTSE 6,356.09 0.30
Arrow DAX 11,382.23 0.78
Arrow CAC-40 4,957.60 0.56
Arrow Nikkei 19,747.47 0.69
Arrow H.Seng 21,996.42 0.33
Arrow Sensex 26,145.67 0.07

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln