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Gold/Mining/Energy : Verde Agritech
NPK.TO 0.930-15.5%3:59 PM EST
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From: kidl2/15/2022 9:22:31 AM
1 Recommendation

Recommended By
Claude Cormier

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Russia Bans Fertilizer Exports; Will Weigh on Brazil Corn Crop

EU farmers have already been suffering from a 549% rise in natgas prices, which has translated to a 263% rise in fertiliser costs
Russia, the world’s biggest exporter of fertilizers, imposed a two-month ban on ammonium nitrate exports. The move threatens to reduce fertilizer supplies, especially to South America, which is at a critical point in its growing season.
Bolsonaro is in Russia
Brazil is by far the top importer of ammonium nitrate from Russia. Brazil’s large second corn crop, or safrinha, will be planted in the next few weeks, following the country’s soybean harvest, and will require nitrogen fertilizer in many fields after the corn has emerged. Brazil is the world’s No. 2 corn exporter in most years.

gro-intelligence.com

(Thanks to elmatador)
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