FERTILIZERS MARKET: IMPORT COSTS RISE 130%

Brazil is responsible for 8% of global fertilizer consumption and is the world’s fourth-largest fertilizer importer, behind China, India and the United States. With an estimated fertilizers consumption of nearly 42 million tons, Brazil imports about 80% of its fertilizers, according to the National Association for the Diffusion of Fertilizers (Anda). Given the global geopolitical context, planning costs and investments in farming require now greater attention. In the first 2 months of 2022, fertilizer imports fell by 8.2% in Brazil, to 5.2 million tons; however, costs grew 130%, with purchases totaling US$2.8 billion, according to the Foreign Trade Secretariat (Secex). The efficiency of applications will be possible with the help of application technologies, and other arrangements, such as management software; mapping of areas; assessment of soil correction needs and plant nutrition; alternative inputs; daily calculation of production costs and market supervision; anticipated commercialization of part of the production; and finally embracing sustainable practices to improve the physical, chemical, and biological conditions of the soil.

Source: Jornal Cana (*Translated by Ia Niani)