IBOV 177,866 ▲ 2.97% IPSA 11,057 ▲ 0.28% IPC MEX 66,496 ▲ 0.59% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL5.11▲ 0.14% USD/MXN17.48▲ 0.07% USD/CLP927.37▲ 0.27% USD/COP3,237▼ 0.27% USD/PEN3.41▲ 0.41% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.37% USD/PYG6,055▲ 1.45% USD/BOB10.14▲ 4.01% USD/DOP58.65▲ 0.29% USD/CRC448.82▲ 1.41% USD/GTQ7.63▲ 2.31% USD/HNL26.72▲ 0.09% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.40% USD/TTD6.75▲ 1.44% EUR/BRL5.84▲ 0.39% BRENT 78.56 ▲ 3.35% WTI 73.81 ▲ 3.36% IRON ORE 161.91 — — COPPER 6.31 ▲ 1.28% GOLD 4,065 ▼ 0.96% SILVER 58.92 ▼ 1.49% SOY 1,197 — 0.00% CORN 467.00 ▲ 6.62% WHEAT 638.50 ▲ 1.03% COFFEE 334.65 ▼ 2.43% SUGAR 14.84 ▼ 0.27% ORANGE JUICE 143.25 ▼ 4.44% COTTON 81.35 ▲ 1.79% COCOA 5,600 ▼ 5.39% BEEF 230.55 ▼ 2.00% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% 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0.27% USD/COP 3,237 ▼ 0.27% USD/PEN 3.41 ▲ 0.41% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.37% USD/PYG 6,055 ▲ 1.45% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.65 ▲ 0.29% USD/CRC 448.82 ▲ 1.41% USD/GTQ 7.63 ▲ 2.31% USD/HNL 26.72 ▲ 0.09% USD/NIO 36.62 — 0.00% USD/VES 719.54 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.09 ▲ 0.40% USD/TTD 6.75 ▲ 1.44% EUR/BRL 5.84 ▲ 0.39% BRENT 78.56 ▲ 3.35% WTI 73.81 ▲ 3.36% IRON ORE 161.91 — — COPPER 6.31 ▲ 1.28% GOLD 4,065 ▼ 0.96% SILVER 58.92 ▼ 1.49% SOY 1,197 — 0.00% CORN 467.00 ▲ 6.62% WHEAT 638.50 ▲ 1.03% COFFEE 334.65 ▼ 2.43% SUGAR 14.84 ▼ 0.27% ORANGE JUICE 143.25 ▼ 4.44% COTTON 81.35 ▲ 1.79% COCOA 5,600 ▼ 5.39% BEEF 230.55 ▼ 2.00% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 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Brazil Business - Brazil

Brazil: Mining on indigenous lands is strategic for fertilizers, says Agriculture Minister

By · April 6, 2022 · 3 min read

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RIO DE JANEIRO, BRAZIL – Brazil’s new Minister of Agriculture, Marcos Montes, said on April 5 to the Rural Caucus that the mineral exploration of indigenous lands for fertilizers is strategic. “I told the parliamentarians that we need to treat mineral exploration on indigenous lands with a strategic focus, and fertilizer is a strategic mineral,” Montes said to the press after his first participation in the weekly luncheon meeting of the Parliamentary Front for Agriculture and Livestock (FPA).

Montes said he is “happy” with the possible advance of bill 191/2020 in the House of Representatives, which deals with mining in indigenous lands. The president of the Chamber, Arthur Lira (PP-AL), recently indicated that he might put the project to a vote next week. “I am happy with the president’s position. If he votes next week, it will be a fundamental matter to be analyzed. We have to be careful in analyzing this matter. It is a delicate matter,” he observed.

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According to him, the indigenous community needs to be clarified about the form of this exploration and profitability because, in his evaluation, the indigenous groups still don’t understand the project. “I think that what the front has done is to put together a strategy that can defend the indigenous community that is not used in a harmful ideological way,” he said.

Brazil's new Minister of Agriculture, Marcos Montes.
Brazil’s new Minister of Agriculture, Marcos Montes. (Photo: internet reproduction)
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Montes classified the exploration of minerals for fertilizers as “interesting”. According to him, the activity will gradually return “dignity, revenue, and income to the indigenous community”. The minister cited, as an example, the operation of mineral exploration in indigenous lands in Canada and the profitability that tribes in that country receive from this work. “Fertilizer is a strategic mineral, and we know that it is necessary to feed the world. It is a question of food security”, defended the minister, highlighting that the National Fertilizer Plan shows that the Amazon region has “enormous potential” for mineral exploration.

Also present at the press conference, the president of the FPA, federal deputy Sérgio Souza (MDB-PR), said that the front called the country’s geological service to have technical data on the feasibility and scope of mineral exploration on indigenous lands for the production of fertilizers. “We are thinking of ways to reduce the production cost and optimize this country. Until yesterday, exploring potash here was not viable. With the increase in fertilizer price, it has become viable, but we have some obstacles such as environmental licensing and cabotage,” he pointed out.

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Montes also commented about the finalization of the Harvest Plan 2021/22, which ends at the end of June, and the elaboration of the Harvest Plan 2022/23, effective as of July 1. He pointed out that the portfolio’s priority is to unlock more than R$800 million (US$170 million) in resources for the current harvest plan. “We are finishing work to close the harvest plan 2021/22 with the Ministry of Economy. There was a delay due to the high interest rates. It is practically certain that PLN 1/22 will be voted on in the next few days,” he highlighted, mentioning the National Congress Bill (PLN) 1/2022 that foresees a supplementation of R$868.5 million for equalization of the current harvest plan rates. “Then we will think about the harvest plan 2022/23. I believe that in another 30 to 40 days, we should advance a lot. It will have to be robust because the moment is difficult,” he observed.

Souza also declared the “unconditional support” of the bench to the new minister. “We reaffirm our commitment to give the technical and political structure and unconditional support that Marcos Montes will need at the head of the Agriculture Ministry. We do not doubt that Minister Marcos Montes has the same ideas and objectives that we have here at FPA”, he observed. According to him, the parliamentarians and the new holder of the portfolio discussed issues such as food security, current and next crop plan, fuels, and mining.

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