The war between Russia and Ukraine has proven to be a headache for Brazilian farmers. According to Silvia Fagnani, CEO at Think Brasil, “the fertilizer supply crisis has been an issue even before the war, as we would still have these sanctions in relation to Belarus. Even though, I believe there will be no fertilizers shortage, mainly because many producers have been saving as well as ships are still arriving with inputs.” Fagnani also said that Brazil urgently needs to become increasingly self-sufficient in the production of these inputs, since the next crops could be affected if the country does not find a solution to the sanctions. “We see investment here in Brazil to become self-sufficient, but it will take a few years before that happens. For the current season, prices are likely to increase for the consumer.”
Source: Canal Rural (*Translated by Ia Niani)