The fertilizer import business in Brazil is starting to rebound. After a decline in 2022, the industry handled more than 73 thousand tons of ammonium sulfate at the Paranaguá Port (compared to 2021). Brazilian farmers will “expand access” to fertilizers in 2023, said Luigi Bezzon, a market intelligence researcher at StoneX. In contrast to the 41 million tons imported in 2021, Brazil imported 38 million tons of fertilizer last year. It’s possible that the product’s price increase is directly related to the volume reduction. Brazil imported fertilizer for close to USD 24.7 billion in 2022. The amount spent in 2021 was USD 15.4 billion.
Source: Canal Rural (*Translated by Ia Niani)