Peru imported a total of 287 million 254 thousand 973 kilos of urea for a CIF value of US $ 122 million 622 thousand 815 between January and October 2021. This represents a significant decrease in volume compared to the same period in 2020, but a large and worrying increase in value.
Indeed, according to a report shared by the agraria.pe portal, during January and October 2020, 312 million 211 thousand 94 kilos of urea were imported for a total value of US $ 81 million 179 thousand 307. That is, 4,000 tons of urea for every million dollars, approximately; While, as of October 2021, for every million dollars only a little more than 2,000 tons can be purchased today.
“The 61% rise in prices, rising from US $ 0.266 kilo to US $ 0.427 seriously affects agriculture. Even in October 2021 it rises to US $ 0.530 kilo ”, warns Agrodata, the database from which the report starts.
The results of the first ten months of 2021 are revealed far superior, even to the total of the twelve months of 2020, when a value of US $ 99 million 225 thousand 809 was imported. This is due to a 61% increase in the prices this year, rising from US $ 0.266 per kilo to US $ 0.530 per kilo last October.
Urea, Russian rule in Peru
According to the report, the main urea supplier for the Peruvian market this year is Russia, which achieved placements until October for US $ 84 million 22 thousand 443 (69% of total shipments).
Next came China, with US $ 31 million 313 thousand 72 ;, Indonesia, with US $ 3 million 569 thousand 443; Singapore, with US $ 3 million 458 thousand 218; Germany, with US $ 169,801; and others with smaller amounts that together totaled US $ 89,184.
Molinos & Cia SA, Ceres Perú SA, Equilibra Perú SA, Gavilón Perú SRL, and Inka Agri-Resources SAC were among the main importing companies in the sector.
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