Brazil’s economic value reported on October 29 that according to the data of Brazil’s national supply company (conab), Brazil imported 29.1 million tons of chemical fertilizer in the first nine months of this year, setting a new record in the same period, and the procurement volume increased by 20% over the same period last year. The increase in fertilizer imports is mainly due to the expansion of soybean, corn and cotton planting areas.
According to the report of the Brazilian national supply company, “according to the national fertilizer association (anda) According to the data, Brazil’s fertilizer production accounts for only 16% to 20% of its consumption. This is the most worrying under the current situation. In other words, Brazil is highly dependent on foreign market supply. With the growth of demand in Brazil and the world, special attention needs to be paid to relevant issues, including logistics infrastructure “.
Source: Economic and Commercial Department of the Embassy in the Republic of Brazil
Post time: Nov-10-2021