Brazil’s fertiliser imports from Arab states up 38%

DUBAI / WAM

The Arab-Brazilian Chamber of Commerce (ABCC) lauded the growing economic ties between Brazil and Arab countries after recent statistics — released by the Brazilian Ministry of Industry, Foreign Trade and Services — showed the cou-ntry importing 5.9 million tonnes of fertiliser from January to November this year.
The number accounted for 24.4 percent of Brazil’s total global fertiliser imports of 24.2 million tonnes as per the figures released by national industry association Associacao Nacio-
nal para Difusao de Adu-bos (Anda). The country’s global fertiliser imports were up 8.2 percent.
Dr Michel Alaby, Secretary-General and CEO of ABCC, said, “According to the numbers supplied by the Brazilian Ministry and compiled by the ABCC, Brazil’s fertiliser imports from the Arab nations rose 38 percent year-on-year. This strongly indicates their robust bilateral relations and we expect that this will carry on through 2018. For our part, we will continuously look for new ways to further facilitate and optimise their increasing trade activities to further drive growth and ensure the attainment of common socio-economic development goals and agenda.”
In November this year, reports said Brazil purchased 626,830 tonnes of fertiliser from Arab states, up 20.7 percent from the same period last year. Morocco and Saudi Arabia are Brazil’s major Arab markets, with other sources include the UAE, Egypt, Oman, Algeria, Bahrain, Kuwait, Lebanon, Tunisia and Jordan. Importing most of the fertiliser it uses, Brazil’s output has reached 7.57 million tonnes so far this year.