# Brazilian shuffle: Canpotex opens Sao Paulo office as Vale exits fertilizer industry - The Globe and Mail

> Canpotex, the Saskatoon-based potash exporter, is opening its first Brazilian office in Sao Paulo as part of a $1-billion investment to expand sales in South America. Brazil is the world's largest potash importer, and Vale exited the fertilizer business by selling its division, including the largest Brazilian potash mine, to Mosaic for US$1.4 billion.

- Date: 2018-04-22 · published 2018-04-22T12:00:00.000Z
- Category: trade · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/65821-brazilian-shuffle-canpotex-opens-sao-paulo-office-as-vale-exits-fertilizer
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

A stronger Canpotex sales push in Brazil and Mosaic's consolidation of Vale's potash assets shift competitive dynamics in the largest importer's market, which can affect potash supply terms and farm input costs for livestock feed producers.

## Read by commodity

- POTASH: neutral

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/business/industry-news/energy-and-resources/article-brazilian-shuffle-canpotex-opens-sao-paulo-office-as-vale-exits/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.