Increased demand for food and fertilizers, along with changes in Chinese agricultural policy, influence the sector’s performance.
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The Brazilian branch of the US-based company expects to import 100,000 tonnes of phosphate from Saudi Arabia this year. The company also buys lesser amounts of sulfur and monoammonium phosphate from the UAE.
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.