Brazilian fertilizer sales were strong in September, despite low grain prices, as farmers geared up to plant summer crops.
Sales totaled 3.91 million metric tons in September, up 8.5% compared with August and 9.4% higher than in September 2013, according to the Brazilian Fertilizer Distribution Association (ANDA).
In the first nine months of 2014, sales totaled 23.7 mmt, up 7.3% on the same period one year before.
Demand for fertilizers is driven by soybean farming at this time of year. Brazil is expected to increase planted area by approximately 5% and appears to be maintaining the level of input investment ...