RISING IMPORTS AND SLUGGISH DEMAND KEEP FERTILIZERS IN PORTS AND SHIP HOLDS

On Friday, May 27th, the Port of Paranaguá, the main gateway for fertilizers in Brazil, announced the docking of 7 ships loaded with the product, with another 16 already waiting to unload and 18 others reported to arrive at the port in the next 30 days. According to Paraná Portos, the company that manages the terminal, the port is seeing an unusual amount of fertilizers. According to data from Camex, in the first four months of this year, the terminal handled 3.6 million tonnes of fertilizers, an increase of 14% compared to the same period in 2021. As a result, the port’s entire storage capacity (3.5 million tonnes) is already in use, making unloading operations more difficult. According to Luiz Teixeira da Silva, operations director at Portos do Paraná, the ships that dock at the Port of Paranaguá to unload fertilizers do so directly in the rear warehouses outside the organized port area. Silva believes that the market is adapting to new realities, such as a pandemic and war, and that it will take a while for trade to start running normally.

Sources: Canal Rural/Datamar News