“Despite concern that sanctions against Russia would cause a shortfall of fertilizer in Brazil, preliminary shipping data shows orders being fulfilled and vessels heading for Brazil, potentially allowing a normal grain planting season,” Reuters reported on April 18. “At least 24 vessels carrying almost 678,000 tons of Russian fertilizers from ports in the country are expected to reach Brazil in the next weeks, according to preliminary shipping data compiled by Agrinvest Commodities and seen by Reuters on Monday” April 18. Potassium chloride, needed for soy and corn, makes up most of the imports.
It adds: “Brazil’s overall imports of fertilizer and raw materials used to make plant nutrients rose by 24.57% to 9.795 million tons in the first quarter, according to data from Siacesp, an industry group…. Delays or a lack of fertilizer would imperil Brazil’s summer grain season that will begin in the final quarter of 2022.”
