Putin ensures Brazil a steady fertilizer supply; but prices have soared from US$ 360 to US$ 650 a ton — MercoPress & More News Here

Putin ensures Brazil a steady fertilizer provide; but prices have soared from US$ 360 to US$ 650 a ton

Fertilizer imports, have grow to be one of many major considerations of Brazilian farmers for the reason that begin of the struggle in Ukraine, fearing shipments could decelerate this yr

President Vladimir Putin in a telephone name with Jair Bolsonaro mentioned Russia will be certain that fertilizer commerce with Brazil stays uninterrupted. Fertilizers, particularly nitrogen, phosphorus, and potassium, are broadly utilized by Brazilian farmers and have made the nation a world meals powerhouse.

Brazil consumes 8% of the complete international manufacturing of fertilizers, valued at 55 million tons, and imports 85% of the enter primarily from Russia, which is presently absolutely concerned in a struggle in Ukraine and submitted to a robust financial embargo promoted by the United States, Western European, and Japan due to the army invasion of its neighbor and fomer republic underneath the USSR.

“The president thoroughly examined the issue of global food security. The Russian president gave a detailed insight into the factors related to the challenges faced in the global commodity and fertilizer markets. He emphasized the importance of rebuilding the free trade framework for agricultural and fertilizer goods that Western sanctions have destroyed. Given the circumstances, Putin emphasized Russia’s commitment to providing an uninterrupted supply of Russian fertilizers to Brazilian farmers,” Moscow mentioned in an official assertion.

Later, throughout an occasion on the Planalto Palace, the Executive energy’s seat, Bolsonaro confirmed the discuss with Putin, emphasizing that the difficulty of meals manufacturing and power safety had been the principle points mentioned.

Fertilizer imports, have grow to be one of many major considerations of Brazilian farmers for the reason that begin of the struggle in Ukraine on February 24, fearing shipments could decelerate through the second half of 2022. Over the years, Brazil has damaged successive information in fertilizer imports.

In 2022, till June 20, Brazil had already imported 17.5 million tons of fertilizers in contrast to 16.4 million tons imported within the first half of 2021.

“The increase in imported volume can be explained to the anticipation of purchases and deliveries, as farmers tried to avoid scarcity of these products,” explains Canal Rural’s Giovani Ferreira defined.

However, the tempo of imports ought to decelerate. “Brazil has already imported 42% of the total volume imported last year. The disbursement of US$11.3 billion equals 74% of the entire amount paid for fertilizers in 2021. The average price per ton went from US$ 360 in 2021 to US$ 650 in 2022. Fertilizers are far more expensive.”

“The expectation is to import between 20 million and 21 million tons of fertilizers in the second half of this year. It is unlikely that we will see another record broken.”

Fearing battle and shortage of provides, many farmers are decreasing the usage of fertilizer, in order that ”precision agriculture, the rational use of inputs, amongst different measures, want to be noticed in order not to danger shedding productiveness,” identified Ferreira.

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