Fertilizer imports grew by 19% in February, and national production also increased. The sector association reports a higher demand for the product.
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The purchases of fertilizers from the international market in Brazil fell in the first seven months of the year, said the sector’s association.
A study by the Arab Brazilian Chamber of Commerce shows which countries could supply Brazil with the fertilizers Russia exports. The institution presented the analysis to the government to help solve the crisis in the sector.
The Brazilian federal government has set a goal of reducing Brazilian fertilizer imports from the current 85% of purchases to 45% by 2050. The minister of Agriculture stated it is not about self-sufficiency but less external dependence.
The Brazilian market purchased 41.6 million tonnes of fertilizers in 2021. The product arrived mainly through the Port of Paranaguá.
Government will devise a policy to increase the country’s supply and minimize reliance on imported products. A work group met on Tuesday, 9. The country relies for some 80% of its fertilizer needs.
Despite the global crisis caused by the COVID-19 pandemic, the sector stepped up imports on April. Brazil’s demand for fertilizers is expected to grow by 1.5% to 3% in 2020.
