IBOV 173,295 ▲ 0.76% IPSA 10,762 ▲ 0.52% IPC MEX 67,226 ▼ 0.28% MERVAL 3,123,411 ▲ 0.88% COLCAP 2,286.19 ▲ 1.09% BVL PERÚ 55,499.07 ▲ 1.21% USD/BRL5.17▼ 0.04% USD/MXN17.50▼ 0.06% USD/CLP 921.85 — 0.00% USD/COP3,437▼ 0.25% USD/PEN3.41▼ 0.47% USD/ARS1,477▼ 0.02% USD/UYU40.22▲ 2.10% USD/PYG6,084▲ 1.66% USD/BOB6.86▲ 1.88% USD/DOP59.28▲ 2.37% USD/CRC450.59▲ 1.75% USD/GTQ7.62▲ 2.31% USD/HNL26.70▲ 0.40% USD/NIO36.62▲ 0.31% USD/VES620.66▲ 5.79% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.59▲ 0.44% USD/TTD6.74▲ 1.41% EUR/BRL5.88▼ 0.38% BRENT 72.60 ▼ 3.53% WTI 69.23 ▼ 3.74% IRON ORE 161.91 — — COPPER 6.21 ▲ 2.25% GOLD 4,096 ▲ 1.63% SILVER 59.67 ▲ 2.27% SOY 1,156 ▲ 2.55% CORN 421.75 ▲ 1.69% WHEAT 589.75 ▼ 0.21% COFFEE 261.25 ▼ 9.54% SUGAR 14.55 ▲ 7.38% ORANGE JUICE 148.60 ▲ 11.44% COTTON 76.78 ▲ 4.60% COCOA 5,217 ▲ 1.12% BEEF 245.83 ▼ 4.50% CATTLE 369.85 ▼ 0.92% LITHIUM 75.93 ▼ 3.21% PETR4 38.06 ▼ 1.01% VALE3 78.15 ▼ 0.65% ITUB4 42.24 ▲ 1.30% BBDC4 17.92 ▲ 1.70% ABEV3 16.73 ▲ 2.07% BBAS3 20.34 ▲ 1.45% B3SA3 14.92 ▲ 2.12% WEGE3 46.90 ▲ 0.86% PRIO3 53.29 ▼ 1.21% SUZB3 40.11 ▼ 4.50% RENT3 43.10 ▲ 1.77% AZZA3 18.99 ▼ 4.09% CSAN3 3.76 ▲ 1.35% RAIZ4 0.41 ▼ 2.38% PCAR3 2.28 ▲ 0.89% GMAT3 3.87 ▲ 1.04% PSSA3 53.26 ▲ 1.25% CVCB3 1.41 ▼ 0.70% POSI3 3.99 ▲ 1.53% SLCE3 13.17 ▼ 0.98% NATU3 7.98 ▲ 2.05% BRKM5 6.25 ▼ 8.36% RANI3 7.80 ▲ 0.39% CSNA3 4.73 ▼ 1.87% CMIN3 4.25 ▲ 0.24% USIM5 8.27 ▼ 2.71% GGBR4 21.42 ▼ 0.09% ENEV3 26.81 ▲ 2.64% NEOE3 33.80 — 0.00% CPFE3 45.50 ▲ 0.84% CMIG4 10.96 ▲ 1.58% EQTL3 39.75 ▲ 1.79% LREN3 14.97 ▲ 3.10% VIVT3 34.79 ▲ 0.64% RAIL3 13.69 ▲ 1.78% KLABIN 16.96 ▼ 0.53% RAIA DROGASIL 17.35 ▲ 0.87% RDOR3 34.71 ▲ 1.00% HAPV3 10.24 ▲ 1.19% FLRY3 15.61 ▲ 1.04% SMTO3 15.04 ▲ 2.24% UGPA3 25.60 ▲ 1.39% VBBR3 29.69 ▲ 1.78% BBSE3 39.17 ▲ 0.77% BPAC11 54.66 ▲ 0.66% CURY3 35.11 ▲ 1.15% AERI3 2.08 ▲ 0.48% VIVARA 23.54 ▲ 1.99% COMPASS 24.94 ▼ 2.35% VAMOS 2.88 ▲ 2.13% SANB11 26.35 ▲ 0.57% ASAI3 8.83 ▲ 2.56% SBSP3 29.60 ▲ 2.42% WALMEX 50.86 ▼ 0.51% GMEXICO 200.00 ▼ 1.48% FEMSA 225.20 ▲ 2.85% CEMEX 21.51 ▼ 0.97% GFNORTE 182.90 ▼ 1.59% BIMBO 57.09 ▲ 1.66% TELEVISA 9.48 ▼ 1.46% AMX 23.20 ▲ 0.74% GAP 441.57 ▼ 0.06% ASUR 308.43 ▼ 0.38% OMA 245.60 ▲ 0.65% KOF 186.96 ▲ 1.29% GRUMA 283.22 ▲ 0.17% KIMBER 38.85 ▲ 1.68% SQM-B 65,950 ▼ 1.64% COPEC 5,765 ▼ 0.64% BSANTANDER 75.00 ▲ 2.04% FALABELLA 5,911 ▲ 0.36% ENELAM 82.00 ▲ 0.60% CENCOSUD 2,127 ▲ 0.19% CMPC 1,040 — 0.00% BANCO CHILE 177.80 ▲ 0.11% LATAM AIR 26.97 ▲ 3.25% YPF 70,050 ▼ 0.99% GGAL 7,715 ▲ 1.45% PAMPA 4,973 ▲ 0.25% TXAR 682.50 ▲ 1.49% ALUAR 991.00 ▲ 0.10% TGS 9,225 ▲ 1.15% CEPU 2,274 ▲ 2.29% MIRGOR 16,075 ▲ 0.16% COME 41.38 ▲ 0.88% LOMA NEGRA 3,555 ▲ 0.21% BYMA 307.75 ▲ 2.16% TELECOM ARG 3,958 ▲ 0.19% ECOPETROL 14.72 ▲ 1.87% BANCOLOMBIA 79.27 ▲ 0.48% GRUPO AVAL 5.08 ▼ 0.39% CREDICORP 384.10 ▲ 0.97% SOUTHERN COPPER 171.26 ▼ 1.99% BUENAVENTURA 30.42 ▼ 0.85% MERCADOLIBRE 1,675 ▲ 3.45% NUBANK 13.17 ▲ 5.70% XP 16.13 ▲ 2.22% PAGSEGURO 9.07 ▲ 3.78% STONE 10.99 ▲ 1.85% GLOBANT 30.03 ▲ 8.29% TECNOGLASS 44.75 ▲ 1.54% GAP AIRPORT 252.48 ▲ 0.11% ASUR 308.43 ▼ 0.38% OMA AIRPORT 111.99 ▼ 0.02% AMX ADR 26.41 ▲ 0.42% FEMSA ADR 128.87 ▲ 2.79% CEMEX ADR 12.28 ▼ 0.81% PETROBRAS ADR 16.29 ▼ 1.39% VALE ADR 15.07 ▼ 0.33% ITAU ADR 8.23 ▲ 2.49% SANTANDER BR 5.20 ▲ 0.78% AMBEV ADR 3.23 ▲ 2.87% CSN 0.94 ▼ 1.91% GERDAU 4.15 ▲ 0.24% LATAM ADR 58.63 ▲ 3.03% BTC 60,741 ▲ 1.21% ETH 1,603 ▲ 1.68% SOL 72.71 ▲ 1.22% XRP 1.07 ▲ 2.54% BNB 564.53 ▼ 0.41% ADA 0.15 ▲ 0.27% DOGE 0.08 ▲ 0.61% AVAX 6.63 ▲ 0.75% LINK 7.44 ▲ 1.40% DOT 0.85 ▼ 0.54% LTC 43.05 ▲ 2.88% BCH 199.30 ▲ 1.28% TRX 0.32 ▲ 0.05% XLM 0.18 ▲ 0.55% HBAR 0.07 ▲ 3.38% NEAR 1.89 ▲ 5.09% ATOM 1.61 ▲ 0.66% AAVE 96.04 ▲ 1.29% SELIC 14.25% EMBRAER 81.90 ▲ 0.99% EMBRAER ADR 63.75 ▲ 1.51% JBS 12.22 ▲ 1.58% JBS BDR 62.67 ▲ 0.87% MBRF3 17.10 ▲ 2.70% MBRFY 3.25 — 0.00% INTER 5.44 ▲ 3.82% EGX 51,443 ▼ 0.52% USD/ZAR16.41— 0.00% USD/NGN1,378▼ 0.09% NIKKEI 69,361 ▼ 4.15% CSI300 4,868 ▼ 3.03% HSI 22,672 ▼ 1.76% NIFTY 24,056 ▲ 0.14% KOSPI 8,411 ▼ 5.81% JCI 5,896 ▼ 1.72% 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GOLD 4,096 ▲ 1.63% SILVER 59.67 ▲ 2.27% SOY 1,156 ▲ 2.55% CORN 421.75 ▲ 1.69% WHEAT 589.75 ▼ 0.21% COFFEE 261.25 ▼ 9.54% SUGAR 14.55 ▲ 7.38% ORANGE JUICE 148.60 ▲ 11.44% COTTON 76.78 ▲ 4.60% COCOA 5,217 ▲ 1.12% BEEF 245.83 ▼ 4.50% CATTLE 369.85 ▼ 0.92% LITHIUM 75.93 ▼ 3.21% PETR4 38.06 ▼ 1.01% VALE3 78.15 ▼ 0.65% ITUB4 42.24 ▲ 1.30% BBDC4 17.92 ▲ 1.70% ABEV3 16.73 ▲ 2.07% BBAS3 20.34 ▲ 1.45% B3SA3 14.92 ▲ 2.12% WEGE3 46.90 ▲ 0.86% PRIO3 53.29 ▼ 1.21% SUZB3 40.11 ▼ 4.50% RENT3 43.10 ▲ 1.77% AZZA3 18.99 ▼ 4.09% CSAN3 3.76 ▲ 1.35% RAIZ4 0.41 ▼ 2.38% PCAR3 2.28 ▲ 0.89% GMAT3 3.87 ▲ 1.04% PSSA3 53.26 ▲ 1.25% CVCB3 1.41 ▼ 0.70% POSI3 3.99 ▲ 1.53% SLCE3 13.17 ▼ 0.98% NATU3 7.98 ▲ 2.05% BRKM5 6.25 ▼ 8.36% RANI3 7.80 ▲ 0.39% CSNA3 4.73 ▼ 1.87% CMIN3 4.25 ▲ 0.24% USIM5 8.27 ▼ 2.71% GGBR4 21.42 ▼ 0.09% ENEV3 26.81 ▲ 2.64% NEOE3 33.80 — 0.00% CPFE3 45.50 ▲ 0.84% CMIG4 10.96 ▲ 1.58% EQTL3 39.75 ▲ 1.79% LREN3 14.97 ▲ 3.10% VIVT3 34.79 ▲ 0.64% RAIL3 13.69 ▲ 1.78% KLABIN 16.96 ▼ 0.53% RAIA DROGASIL 17.35 ▲ 0.87% RDOR3 34.71 ▲ 1.00% HAPV3 10.24 ▲ 1.19% FLRY3 15.61 ▲ 1.04% SMTO3 15.04 ▲ 2.24% UGPA3 25.60 ▲ 1.39% VBBR3 29.69 ▲ 1.78% BBSE3 39.17 ▲ 0.77% BPAC11 54.66 ▲ 0.66% CURY3 35.11 ▲ 1.15% AERI3 2.08 ▲ 0.48% VIVARA 23.54 ▲ 1.99% COMPASS 24.94 ▼ 2.35% VAMOS 2.88 ▲ 2.13% SANB11 26.35 ▲ 0.57% ASAI3 8.83 ▲ 2.56% SBSP3 29.60 ▲ 2.42% WALMEX 50.86 ▼ 0.51% GMEXICO 200.00 ▼ 1.48% FEMSA 225.20 ▲ 2.85% CEMEX 21.51 ▼ 0.97% GFNORTE 182.90 ▼ 1.59% BIMBO 57.09 ▲ 1.66% TELEVISA 9.48 ▼ 1.46% AMX 23.20 ▲ 0.74% GAP 441.57 ▼ 0.06% ASUR 308.43 ▼ 0.38% OMA 245.60 ▲ 0.65% KOF 186.96 ▲ 1.29% GRUMA 283.22 ▲ 0.17% KIMBER 38.85 ▲ 1.68% SQM-B 65,950 ▼ 1.64% COPEC 5,765 ▼ 0.64% BSANTANDER 75.00 ▲ 2.04% FALABELLA 5,911 ▲ 0.36% ENELAM 82.00 ▲ 0.60% CENCOSUD 2,127 ▲ 0.19% CMPC 1,040 — 0.00% BANCO CHILE 177.80 ▲ 0.11% LATAM AIR 26.97 ▲ 3.25% YPF 70,050 ▼ 0.99% GGAL 7,715 ▲ 1.45% PAMPA 4,973 ▲ 0.25% TXAR 682.50 ▲ 1.49% ALUAR 991.00 ▲ 0.10% TGS 9,225 ▲ 1.15% CEPU 2,274 ▲ 2.29% MIRGOR 16,075 ▲ 0.16% COME 41.38 ▲ 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Brazil Business - Brazil

Brazil has enough potassium reserves to supply agriculture until 2100 -study

By · March 8, 2022 · 3 min read

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RIO DE JANEIRO, BRAZIL – While the country’s agricultural producers worry about the impact of the war in Ukraine on the supply of fertilizers, a study by the Federal University of Minas Gerais shows that Brazil has reserves that could guarantee the supply of potassium until 2100.

According to Embrapa, 50% of imports of this raw material currently come from Russia and Belarus.

According to Professor Raoni Rajão of UFMG’s Production Engineering Department, two-thirds of the reserves are concentrated in the states of Sergipe, São Paulo, and Minas Gerais.

Potassium fertilizer. (Photo internet reproduction)
Potassium fertilizer. (Photo internet reproduction)
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Of the reserves in the Amazon, only 11% overlap with indigenous territories that have not yet been ratified. The figures are based on data from the Ministry of Mines and Energy.

The information comes when the federal government’s project to authorize mineral exploration on indigenous lands could be discussed again after being on hold for two years.

As Larissa Rodrigues told CNN, senior representatives of the House of Representatives reported a meeting on Tuesday (8) to discuss the issue.

The parliamentarians said that the Speaker of the House, Arthur Lira, wants to expedite the approval because Brazil has difficulty obtaining fertilizer in light of the war between Russia and Ukraine.

In an interview with a radio station in Roraima on Monday (7), President Jair Bolsonaro defended the project and criticized the demarcation of indigenous lands.

“We have a project since 2020 that allows us to explore this indigenous land, depending on the ministry’s interest; if they agree, we can explore minerals and build dams.

Everaldo Zonta, a professor at the Department of Soils at the Federal University of Rural Development of Rio de Janeiro (UFRRJ), on the other hand, believes that the deposits on indigenous lands pose a technological challenge.

“It is potassium that cannot be extracted so quickly, not because of environmental problems, but because it is potassium in the form of brine, which is deep. We don’t have the technology yet,” he explained.

HOW TO ACHIEVE INDEPENDENCE

Brazil relies on imports of nitrogen-, phosphorus- and potassium-based fertilizers to sustain agricultural production. They are used to correct the soil and ensure an increase in harvest.

According to researchers Raoni Rajão and Everaldo Zonta, the country was independent of potassium until 1990.

“Since the privatization of Vale, which was the largest producer, that is no longer the case. The increase in food production, which today keeps the balance of trade positive, is due to the increased consumption of fertilizers. Still, national production did not follow the same line,” Zonta analyzes.

Both professors agree on the need for a national policy for potash mining. This month, the Ministry of Agriculture, Livestock, and Supply should present a national fertilizer plan.

Rajão believes the war scenario shows the importance of investing in the Brazilian market but defends that incentives are needed to start competing with the international giants that dominate sales.

“The federal government is preparing a fertilizer plan, but it passes over several important points, such as aligning tax issues. If you produce in Brazil, you pay 8% ICMS. If you import, you don’t pay any tax. It makes no sense to have this different treatment, apart from the need for long-term measures, with incentives from public banks,” he defended.

On the other hand, Zonta stresses the importance of investing in research to find solutions to the search for fertilizers.

SUPPLIES FOR THREE MONTHS

The National Association for the Distribution of Fertilizers (Anda) said that producers have three months’ worth of fertilizer stocks.

The association is in dialogue with the federal government to solve the problem and hopes that the war in Ukraine will end as soon as possible.

CNN has reached out to the Ministries of Mines and Energy and Agriculture, Livestock and Supply for comment on the exploration of national potash and is awaiting a response.

With information from CNN Brasil

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