South America Calling
Alastair Stewart South America Correspondent
Mon Aug 17, 2015 02:42 PM CDT

Brazilian fertilizer sale figures for July confirmed business was picking up after a very slow start to the year.

Last month's sales totaled 3.3 million metric tons, down just 0.1% on the same month last year. Deliveries in the first seven months of 2015 remain well down though, some 10.5% back at 15.0 mmt.

A slump in grain prices, combined with limited access to farm credit, was expected to cause a major decline in fertilizer sales in 2015. However, the slide of the Brazilian real has improved the prospects for soybean margins in 2015-16 and more farmers will plant than ...

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