Brazil this year is increasing purchase of fertilizers from Russia

Friday, June 23rd 2023 - 10:36 UTC

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As PhosAgro sells fertilizers on the spot market and the overall picture of exports by the end of the year will depend on solvent demand. The company’s output plan for 2023 is 11.3 million tons

PhosAgro boosted exports of fertilizers by 8% in the first four months of this year compared with the same period in 2022, according to a report from GlobalFer, which specializes in the industry's info.

At the same time, supplies to Latin America soared by 50%, while deliveries to Europe fell by 10%, said PhosAgro Chief Financial Officer Alexander Sharabaika.

As the company sells fertilizers on the spot market, the overall picture of exports by the end of the year will depend on the geography of solvent demand, the CFO added. The company’s output plan for 2023 is 11.3 million tons..

Another company, Uralchem, had to restructure the business in terms of markets in 2022, “including shifting some of our sales from Europe to Africa, Brazil, and Latin America,” said the Board Chairman, Dmitry Tatyanin, in an interview with TASS.

The need for such adaptations rose in response to the war that began in Ukraine in 2022, giving place to purchase restrictions in Europe and sanctions that end up impacting the inflow of Russian products.

“In general, the company has adapted to the challenges of the international freight market. We do not currently see any systemic issues with delivering products to customers,” he said.

Categories: Agriculture, Brazil, International.

Tags: fertilizers, PhosAgro.

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Tænk
Brasileiro...
Truly..., my pleasure...
(As you can see by tha' Brainwashed Anglo Turnip's comments... ;-)))
Jun 25th, 2023 - 01:53 pm +1
Brasileiro
Russia has been adapting well to Western sanctions.

Brazil also had to adapt to European and North American sanctions on our agricultural products. During the 1990s and 2000s, Brazil, due to the sanctions and protectionism of those countries, was forced to seek new markets around the world. Many opportunities opened up and we managed to thrive. I believe the same will happen with Russia.
Jun 23rd, 2023 - 01:43 pm 0
Tænk
G' morning..., Brasileiro...
Secret information just for your eyes...!
Almost impossible to get..., don't tell to no Brainwashed Anglo Turnips...!
https://www.xe.com/it/currencycharts/?from=USD&to=RUB

Capisce... ;-)))))))))
Jun 24th, 2023 - 03:26 am 0

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