Government will devise a policy to increase the country’s supply and minimize reliance on imported products. A work group met on Tuesday, 9. The country relies for some 80% of its fertilizer needs.
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A federal government decree mandates the establishment of a work group involving multiple ministries to devise a strategy to increase product availability in the country.
Fertilizers and inputs were the most imported chemicals to Brazil in October, at 21% of total imports.
The seaport in Itaqui, Maranhão is adding capacity for incoming fertilizer shipments and power outlets for refrigerated shipping containers. This will enable increased throughput in trade with Arab countries. The Port will be an exhibitor at the Economic Forum Brazil & Arab Countries.
Arab Chamber secretary-general Tamer Mansour said during a webinar on Thursday (28) that direct shipping between Brazil and the Arab countries can boost business, particularly with Morocco.
The travel, automobile and textile industries are standing still, but fertilizer and commodities keep being shipped from Brazil.
The phosphate manufacturer has had operations in Brazil since 2010, and new storage facilities are expected next year, local CEO Olavio Takenaka said.
The Brazilian state-run company is the second biggest fuel distributor in Uruguay, and the biggest in liquid fertilizer.
Brazil’s Agriculture minister Tereza Cristina will travel to three or four Arab countries next September. She intends to discuss sales of new agribusiness products, as well as the import of Arab goods to Brazil.
The fertilizer manufacturer saw revenue climb 20% in Q1, with results driven by markets including Brazil.
Compagnie des Phosphates de Gafsa is working to increase sales by 55% this year, to 4.5 million tons. Protests got in the way of production, but output is on its way up now.
Purchases of product from Arab countries amounted to USD 830 million from January to July, down 18.4% year-on-year, while imports from Russia widened.
Purchases saw a 10.8% drop in April and a 13.2% drop in the first four months of the year.
