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Rising fertilizer costs could threaten Brazilian farmers’ profits

RIO DE JANEIRO, BRAZIL - Prices for agricultural nutrients such as phosphate and potash have been on the rise since late last year in the face of tight supplies, strong demand, and geopolitical uncertainty.

According to one of the world's largest nutrient suppliers, farmers may have to get used to high fertilizer prices as global stocks remain stable despite a strong rally.

The extent of this recovery has exceeded expectations, said Mosaic Senior Vice President Corrine Ricard. Prices are likely to stay at high levels for longer than previously thought "because we don't see a build-up of inventories . . .

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