NEWS
AGRI COMMODITIES
Brazilian Agricultural Exports Grow 18.5% in 2022
Brazilian agricultural exports grew by 18.5% in the first four months of 2022, compared to the same period last year. Asian market now represents 47.7% of total exports, according to the Brazilian government.
Despite the pandemic of the new coronavirus, the share of agribusiness in total exports went from 18.7% in 2021 to 22.9% in 2022. There was an increase in exports to Asia, especially China.
The data released by the Ministry of Economy showed that in April of this year, Brazilian exports totaled US $ 18.312 billion, and imports, the US $ 11.611 billion, with a positive balance of US $ 6.702 billion and a trade flow of US $ 29.923 billion.
Some products broke historical monthly export records in April, such as soybeans, with 16.3 million tons; soybean meal, with 1.7 million tons; fresh, chilled or frozen beef, with 116 thousand tons; pork meat, with 63 thousand tons and raw cotton, with 91 thousand tons. Products such as wheat, rye, and unground corn, except sweet corn, unroasted coffee, live animals, fruits, and nuts, fell.
Asia
Brazilian exports (from all sectors) to Asia rose 17.5% in the first four months of the year, compared to the same period in 2021. The Asian market now represents 47.2% of our total exports.
Despite the impact of the pandemic on the Chinese economy, Brazilian exports to China grew 11.3% in the period, with emphasis on soy (+ 28.5%), fresh, chilled or frozen beef (+ 85.9% ), fresh, chilled or frozen pork (+ 153.5%) and raw cotton (+ 79%).
The figures for the first four months show that, in dollars, China bought three times the amount imported from the United States from Brazil and twice the amount demanded by the European Union.
2022 started with a strong performance of EU agri-food exports
The EU recorded a strong monthly agri-food trade surplus of €3.76 billion in January 2022, an increase of 22% compared to January 2021. This is a result of a 3.1% rise in exports (to €14.36 billion) compared to the previous year) and a 2.2% decrease in the value of imports (to €10.6 billion). These are amongst the principal findings of the monthly trade report for January 2020, published today by the European Commission.
The coronavirus outbreak did not appear to affect the sale of EU agri-food products to China in January 2021, where the monthly value of exports rose by €483 million compared to January 2019. Increases were also recorded for the U.S. (+€150 million), Morocco (+€103 million), and Saudi Arabia (+€90 million). Decreases were recorded for Lebanon (-€39 million), the Philippines, and Libya (both -€25 million). Although the UK remained under single market conditions in January 2020, the value of the EU27’s exports fell already by €878 million.
As regards imports, the EU imported more from Canada (+ €175 million), Indonesia (+€103 million), and Turkey (+ €52 million). Decreases in import value were registered for Ukraine (-€197 million) and Brazil (-€83 million). The value of imports from the UK decreased also already by €261 million compared to January 2020.
In terms of products, exports grew most notably for pork (+€302 million), wheat (+€223 million), coarse grains (+€87 million), and offal meat (+€81 million). Less export was recorded for meat preparations (-€60 million), chocolate and confectionary (-€47 million), fruit juices (-€36 million), as well as cigars and cigarettes (-€34 million).
The products that experienced the highest rises in import values were tropical fruit (+€202 million), palm and palm kernel oil (+€127 million), and oilseeds other than soya beans (+€109 million). Meanwhile, falls in monthly year-on-year import values were recorded for coarse grains (-€87 million), raw tobacco (- €114 million), and oil cake (-€86 million).
AGRI CHEMICALS
Fertilizer Market Insights and Forecasting
Macroeconomic factors create volatile conditions in global fertilizer markets. Navigate uncertainty using our current market information and price discovery tools, and medium- or long-term market outlooks, to make informed investment and planning decisions.
Key facts about the global fertilizer market
-
Global fertilizer exports in 2022 totaled 252 million tonnes, up 20% in five years.
-
Global fertilizer demand increased 9% in the five years to 2020 to a total of 730 million tonnes.
-
Total global fertilizer production and supply topped 805 million tonnes in 2020, meaning supply was greater than demand. Overall supply increased by 12% in the five years since 2013.
-
The global ammonia market amounts to 181 million tonnes, of which just 10% (19 million tonnes) is traded on the world market.
-
Over 200 million tonnes of phosphate rock is mined every year, but only 30 million tonnes is traded internationally, with the balance processed at source into either phosphoric acid (the key phosphate intermediate) or finished fertilizers.
The global fertilizer market is expected to value at USD 155.8 billion in 2021, and it is expected to register a CAGR of 3.8% during the forecast period (2019-2024). In 2018, Asia-Pacific was the largest geographical segment of the market studied and accounted for a share of around 60% of the overall market.Feb 14, 2020
The Belarusian Potash Company (BPC) has signed a potash supply contract worth US$220/t with a consortium of Chinese companies, including Sinochem, CNAMPGC, and CNOOC.
BPC exports potash fertilizers manufactured by Belaruskali and accounts for approximately 20% of the global potash export market. Annual contracts agreed with India and China, the world’s largest consumer of potash, in recent years have set a global price benchmark.
Agricultural land use in the European Union
The fertilized area in countries of the European Union comprises 133.8 million hectares. A further 44.6 million farmable hectares
are not fertilized, of which 34.7 million are unfertilized grassland and 9.9 million idle or set-aside land. Within the fertilized area, arable crops account for 78% (a.o. 51% cereals, 10% oilseeds, 6% fodder crops). Permanent crops account for 6% of the area and grassland for a further 16%. The unfertilized area is evenly spread across countries of the European Union but there are significant differences in fertilized crop areas between countries of Western, and Central and Eastern Europe. In Western Europe (EU-15), the fertilized area comprises 60% arable crops (a.o. 36% cereals, 6% oilseeds, 9% fodder crops), 11% permanent crops (vineyards, orchards, forests) and 30% fertilized grassland. Agriculture in Central and Eastern Europe (EU-13), however, is far more directed towards arable production, which accounts for 87% of the fertilized area (a.o. 57% cereals, 14% oilseeds, 8% fodder crops), with permanent crops and fertilized grassland only comprising 3% and 10% of the fertilized area respectively.
