Buenos Aires, December 2, 2019. According to the Statistics and Census National Institute (INDEC), between January and October, 2.63 million metric tons of fertilizers have already been imported, reaching a new record in the country’s farming history, with a value of USD 760 million.
“Led by urea and monoammonium phosphate (MAP), imports surpassed the past year ones by 14%”, the weekly RIA report said this Monday.
Urea imports, mostly from Algeria, Egypt, and Bolivia, totalized 825K tons, with a value of USD 248 million. This volume represents an 18% increase in comparison with 2018. MAP imports also grew by 19% this year, reaching 795K tons, mostly from China, Morocco, and the US, amounting to USD 308 million.
UAN (urea ammonium nitrate) was the third most imported fertilizer this year, with 476K tons, marking a 19% growth YoY, and for a value of USD 84 million. The US and the Russian Federation are the main suppliers.
But the highest increase this year was reached by phosphate rock, which is the raw material for the factories that convert it into Simple Calcium Superphosphate, a key nutrient for soybean production. Imports reached 273K tons (+25%), amounting to USD 20 million, fully supplied by Peru.
Diammonium phosphate (DAP) and superphosphate were the only two fertilizers which imports decreased in comparison with 2018. The 176K tons of DAP represented a 19% drop and the 87K tons of superphosphate a 16% one.