FARM BUSINESS NEWS
Brazil Fertilizer Production Stagnant
Alastair Stewart South America Correspondent
Wed Aug 27, 2014 11:17 AM CDT

SAU PAULO, Brazil (DTN) -- Back in 2010, then-President Luiz Inacio Lula da Silva announced Brazil would start a five-year drive to become self-sufficient in fertilizers.

But four years later, independence seems a distant dream. For while fertilizer imports have surged 40% in the intervening period, mainly due to growth in the grain sector, production has remained stagnant.

"Self-sufficiency isn't a realistic aim at present," said George Bonifacio e Sousa, president of the Brazilian Fertilizer Distributors' Association (ANDA).

The truth is that Brazil lacks the world-class projects and fertilizer prices simply aren't attractive enough for companies to accelerate the plans ...

Quick View
Related News Stories
Potash Corp. Sees Steady 2015 Demand
DTN Retail Fertilizer Trends
Yara, CFI Abandon Merger Talks
DTN Retail Fertilizer Trends
DTN Retail Fertilizer Trends
Saskatchewan Crop Report
DTN Retail Fertilizer Trends