Agricultural fertilizer prices rose steadily in 2022, often breaking previous records. Now, Fertilizer prices have decreased by up to 70%, lining up the demand for 2023, according to a note issued by the government. The business experienced turbulence last year as a result of Russia’s war in Ukraine, “this led to an increase in the price of fertilizer, which in turn raised the price of food. Now that the cost has decreased by 60% to 70% this year, the avarage consumer will find less expensive food on the supermarket shelf”, said the minister of agriculture, Carlos Fávaro.
Source: Agencia de Notícias Brazil-Arabe (*Translated by Ia Niani)