Brazilian imports of fertilizers were the highest in the past five years, Conab reported. Postponement of nitrogen acquisitions last year boosted the result.
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The purchases of fertilizers from the international market in Brazil fell in the first seven months of the year, said the sector’s association.
Latin American ambassadors and representatives from the Arab Brazilian Chamber visited plants of the company Abu-Qir in Alexandria and received information on the Egyptian fertilizer production. Latin American states will be the focus of a mission from the Arab country.
Agriculture, Livestock and Supply minister Marcos Montes met on Monday (9) in Cairo with Egypt’s fertilizer exporters about scaling up the supply. They are expected to visit Brazil for meetings with buyers.
A study by the Arab Brazilian Chamber of Commerce shows which countries could supply Brazil with the fertilizers Russia exports. The institution presented the analysis to the government to help solve the crisis in the sector.
Producers will be required to direct 55% at the subsidized price of EGP 4,500 (USD 286) instead of EGP 3,300 (USD 210), the Ministry of Agriculture of Egypt said.
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.
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.
Brazilian purchases of fertilizers in the international market tumbled 7.7% in the year’s first six months but increased in June.
