Minister of Agriculture meets with fertilizer companies in Canada

Brazil’s Agriculture Minister, Tereza Cristina, Sunday (13) met with representatives of the Brazilian fertilizer company Potash, in Ottawa, Canada as part of a trip to ensure supply of inputs for agribusiness amid Russia’s invasion of Ukraine. .

“For our country to continue to increase food supply and contribute to global food security, we need potassium fertilizer,” the minister said in a Twitter post.

Potash Brazil is a company owned by Canadian investor Stan Bharti, which wants to develop Latin America’s largest potash mine in the Amazon, in a bid to reduce Brazilian farmers’ dependence on fertilizer imports.

According to the minister, the mission to Canada aims not only to ascertain the current level of purchases from Brazil, but also to expand it. “We can and must strengthen our bonds and strengthen long-term partnerships. This means, in practice, affordable quantity and quality food on everyone’s table.”

Brazil unveiled on Friday (11th) a national fertilizer plan, with the aim of reducing Brazil’s dependence on imports of these products from the current 85% to 45% by 2050, at a time when Brazil faces rising prices for these inputs. and shortages resulting from the war in Ukraine.

Russia is one of the world’s largest exporters of fertilizers and one of Brazil’s main suppliers. Although the country’s external dependence has been emphasized by the conflict in Europe, Brazil’s Ministry of Agriculture says the plan is aimed at the long term.

Looking for a great buying opportunity? XP strategist reveals 6 cheap stocks to buy today.

Laura Davis

"Total troublemaker. Alcohol aficionado. Social media specialist. Friendly travel nerd."

Leave a Reply

Your email address will not be published. Required fields are marked *