Brazil’s new Minister of Agriculture, Marcos Montes, is visiting Morocco, Egypt, and Jordan for a diplomatic tour this week, to discuss ways to increase fertilizer imports from those countries in the midst of the ongoing international crises.
Montes explained in an interview with Reuters that “this trip reflects the fertilizer diplomacy pursued by Brazil,» noting that representatives of the private sector will accompany him for the visit.
The official emphasized that Brazil depends on imports to secure 85% of its fertilizer needs, but “is concerned about the possible global shortage after Western countries imposed many sanctions on Russia and Belarus,” which are major fertilizer exporting nations.
The Brazilian Minister of Agriculture stressed that his country “seeks to encourage foreign investors to produce fertilizers while encouraging local production at the same time,” revealing that “the visit was supposed to take place last month, but was postponed until after Ramadan.”
Morocco, the third supplier of fertilizers to Brazil after Russia and Belarus, along with other countries such as Qatar, Egypt and Oman, provides 26% of the fertilizers imported by the Latin American country, which wants to compensate for the recorded decline in its imports of this substance after the outbreak of the conflict in Eastern Europe.
Global demand for Moroccan phosphate rose in light of the repercussions of the Russian-Ukrainian crisis, after Russia’s exports of this substance were affected by Western sanctions.
India plans to raise imports of phosphates and derivatives from Morocco, Canada and Israel to ensure adequate supplies for the summer season, after shipments were disrupted due to conflict.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.