Brazil’s Agriculture Minister Marcos Montes arrives for an interview with Reuters in Brasilia, Brazil May 2, 2022. REUTERS/Adriano Machado
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SAO PAULO, May 3 (Reuters) – Brazil’s new agriculture minister Marcos Montes will go to Jordan, Egypt and Morocco in a tour beginning this week to focus on rising fertilizer imports from these international locations.
“It’s a pilgrimage that we are calling fertilizer diplomacy,” Montes mentioned in an interview with Reuters late on Monday, including he can be joined by non-public sector representatives. “We are going to open doors.”
Brazil depends on imports for about 85% of its fertilizer wants and is anxious a couple of potential international scarcity of the merchandise after Western nations imposed sanctions on key producers Belarus and Russia, whereas China restricted exports.
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Montes’ tour will begin on Thursday and final 8-10 days. Brazil additionally goals to encourage international buyers to produce fertilizers in Brazil, he mentioned.
Brazil’s fertilizer imports picked up within the first quarter and in April, as native firms rushed to secure product. learn more
The nation’s fertilizer imports in April most likely surpassed the 1.88 million tonnes from April 2021, in accordance to preliminary commerce information, which confirmed every day fertilizer imports common jumped to 149,000 tonnes by means of the fourth week of final month, up from a mean of 94,000 a day in April 2021.
Montes mentioned he had initially wished to begin the tour final month, throughout his first days within the job, however delayed plans due to Ramadan.
Montes changed Tereza Cristina Dias as agriculture minister in late March, and is constructing on her legacy.
He has engaged in talks with Iran geared toward boosting Brazil’s urea import quota from the present a million tonnes to three million tonnes.
Dias traveled to Iran in February and was accompanied by Brazilian farmers who’re eager on swapping fertilizers for corn.
Montes mentioned negotiations with Iran are ongoing, cited cost difficulties associated to sanctions towards the nation and declined to give a timeline for any announcement.
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Reporting by Roberto Samora and Ana Mano; Writing by Gabriel Araujo; Editing by Chizu Nomiyama and Susan Fenton
Our Standards: The Thomson Reuters Trust Principles.
Brazil plans ‘fertilizer diplomacy’ trip to North Africa, Jordan to secure more imports & More Latest News Update
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