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.
The Egyptian company will invest some USD 8 million to step up its production capacity and meet the growing demand for fertilizers from both the domestic and international markets.
According to the Chemicals and Fertilizers Export Council of Egypt, the country intends to increase fertilizer exports by 30% this year. Brazil is one of the markets with great potential for expansion.
A consultant assessed the impacts on the market. According to ANDA data, the decrease also affected the volume of purchases in Brazil.
The complex includes six factories that have a total production capacity up to 1.7 million tons and investments of USD 800 million.
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.
The Egyptian fertilizer industry aims to increase Brazilian market sales through direct sales.
Egyptian fertilizer company plans to expand capacity and portfolio. Entering the Brazilian market is one of Green Magic’s goals.
The African continent is a supplier to the Brazilian market. Find out what goods Africa sells to Brazil and the volumes.
In collaboration with a German research center, Embrapa scientists developed an input capable of increasing soybean biomass by up to 10 times compared to conventional fertilization systems.
Officials spoke on Brazil’s relations with the Arab countries at the Economic Forum Brazil & Arab Countries opening. Brazilian Agriculture minister Marcos Montes discussed the establishment of Arab fertilizer plants in Brazil.
The director-general of the Lebanese Ministry of Agriculture, Louis Lahoud, is on an official trip to São Paulo and visited the Arab Brazilian Chamber headquarters alongside the consul general of Lebanon to São Paulo, Rudy El Azzi. The Arab country could increase fertilizer exports to Brazil.
Fertilizers are one of the promising sectors for the Egyptian economy, and their connection with food and clothing is of utmost importance to the global economy. Brazil accounts for 90% of the company’s exports.
