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 ...

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