With a low supply of fertilizers from Russia and Belarus, Arab countries can be an alternative for some products, such as nitrogen and phosphate. The bloc, however, does not have a substantial potassium production.
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The Brazilian market purchased 41.6 million tonnes of fertilizers in 2021. The product arrived mainly through the Port of Paranaguá.
Trade between Arabs and Brazilians in 2021 reached USD 24.25 billion. The UAE took over as the leading destination for Brazilian products.
Year to date through November, Brazil purchased 100.6% more Arab products compared to 2020. Nevertheless, the balance continued to post a surplus for Brazil.
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.
Embrapa is talking an agreement with Morocco’s National Institute for Agricultural Research. The topics of the cooperation will be genetic material, soil and fertilizer management, and the Climatic Risk Agricultural Zoning.
The Brazilian company will increase its department of Specialty Chemicals by 10%, and the additional will serve primarily to meet the demand from the Arab countries. Nitrocellulose is one of the company’s main products.
Despite the global crisis caused by the COVID-19 pandemic, the sector stepped up imports on April. Brazil’s demand for fertilizers is expected to grow by 1.5% to 3% in 2020.
Brazil purchased 47.6 million tonnes, up 5.4% from a year before. Fertilizers were the main item imported.
Brazil’s imports from abroad grossed USD 37.6 billion year-to-date through October.
Brazil’s purchases of chemical products came out to USD 4.5 billion in the July, a significant increase from June.
Abu Dhabi National Oil Company announced this Monday (17) the formation of a joint venture with Netherlands-based OCI N. V., expecting it to be global nitrogen fertilizer leader.
Foreign purchases reached USD 3.6 billion in January, a growth driven by more purchases of fertilizers feedstock.
Brazilian purchases of fertilizers in the international market tumbled 7.7% in the year’s first six months but increased in June.