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Brazil, which imports about 85% of its fertilizer, is pursuing a national plan to cut import dependence to 45% by 2050. Canadian miner Brazil Potash is developing a potash mine in Amazonas State, where consultations are ongoing and some local and environmental opposition exists.
The article covers the Mura community and environmental concerns around the project.
Domestic potash output would reduce Brazil's import demand over time, which is a longer-term bearish factor for global potash trade. Near-term supply is unchanged, so the price impact is limited.
agribusinessglobal.comRenee TargosOct 27, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
