RIO DE JANEIRO, BRAZIL - The Brazilian government on Friday unveiled a national plan to increase domestic fertilizer production and reduce dependence on imports, which is becoming increasingly urgent due to the war in Ukraine.
The plan, formalized by decree, includes tax incentives, loans, and other measures to encourage the opening of factories and increase mineral exploitation over the next 28 years.
Brazil, a world agribusiness powerhouse, is currently the fourth-largest fertilizer consumer globally, with potassium being the most commonly used product by Brazilian growers.
Eighty-five percent of the fertilizers used in the country are imported, while soybeans, corn . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here