Russian Fertilizer Shipments Continue to Brazil
Despite concerns that sanctions would limit Russian fertilizer shipments to Brazil, shipping data shows fertilizer is still being shipped, Reuters reported. At least 24 vessels carrying almost 678,000 MT of Russian fertilizers will reach Brazil in the following weeks.
Despite sanctions against Russia, 11 of the 24 vessels left Russian ports after Feb. 24, when the war started. Most are carrying potassium chloride used for soybean and corn production. The most recent cargo left Russia on April 4. Overall, Brazil’s fertilizer imports and raw materials used to make plant nutrients rose by 24.6% to 9.795 MMT in the first quarter, according to Siacesp, an industry group.