Even after almost 50 days of the war in Ukraine, which disrupted the transit of Russian fertilizers to Brazil, the flow of the product continues. According to a StoneX study, 600,000 tonnes of Russian fertilizer, 50% of which was potash, were on their way to Brazilian ports as of April 4. The economic sanctions the West imposed on Russia do not ban the import of Russian fertilizer. Still, the conflict is causing headaches on at least two fronts, payments, and logistics. Russia is one of the largest global fertilizer suppliers. Between March 20 and April 13, six vessels loaded with fertilizers docked at the Port of Santos (SP). The Paranaguá terminal, the port that received the most fertilizers in the country, received another fours vessels in the period, totaling over 100 thousand tonnes of nutrients from Russia, including potash, urea, and MAP.
Sources: Valor Econômico/Datamar News