The fertilizer industry in Brazil plays a significant role in the country’s economy. According to the National Union of Raw Materials Industries for Fertilizers (Sinprifert), the industry accounts for around 2.2% of agribusiness GDP, 6% of agricultural GDP, and approximately 15% of input chain GDP. According to Michele Lima, an expert lawyer, utilizing fertilizers is vital in Brazil since the soil lacks key minerals required for agricultural development. The Fertilizer Industry Development Program (Profert) is a new program aimed at legal companies with an authorized project for the construction, expansion, or modernization of infrastructure for fertilizer and its input production According to Lima, Profert’s benefits will help the Brazilian fertilizer sector develop and modernize, making it more efficient and productive.
Sources: Global Fert/Brasil 61 (*Translated by Ia Niani)