IBOV 175,744 ▼ 0.48% IPSA 10,838 ▲ 0.85% IPC MEX 70,021 ▲ 1.19% MERVAL 3,072,011 ▲ 5.05% COLCAP 2,194.76 ▼ 1.51% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.06 ▼ 0.00% USD/MXN 17.39 ▲ 0.18% USD/CLP 893.69 ▼ 0.07% USD/COP 3,629 ▼ 1.17% USD/PEN 3.41 ▲ 0.08% USD/ARS 1,412 ▼ 0.02% USD/UYU 40.06 ▲ 1.54% USD/PYG 6,114 ▲ 0.42% USD/BOB 6.86 ▲ 1.45% USD/DOP 59.00 ▲ 1.20% USD/CRC 450.95 ▲ 2.46% USD/GTQ 7.62 ▲ 2.26% USD/HNL 26.62 ▲ 0.27% USD/NIO 36.62 ▲ 0.31% USD/VES 543.22 ▲ 1.59% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.64% USD/JMD 155.89 ▼ 0.04% USD/TTD 6.74 ▲ 1.25% EUR/BRL 5.87 ▲ 0.03% BRENT 94.64 ▲ 0.37% WTI 91.06 ▲ 2.68% IRON ORE 161.91 — — COPPER 6.31 ▲ 0.06% GOLD 4,418 ▼ 0.66% SILVER 73.60 ▼ 1.35% SOY 1,193 ▲ 0.67% CORN 454.25 ▲ 0.39% WHEAT 623.00 ▲ 0.08% COFFEE 271.70 ▼ 0.84% SUGAR 14.13 ▼ 2.82% ORANGE JUICE 167.10 ▼ 5.65% COTTON 76.49 ▼ 1.14% COCOA 4,149 ▼ 0.48% BEEF 242.48 ▼ 2.32% CATTLE 354.53 ▲ 1.45% LITHIUM 85.53 ▼ 0.95% PETR4 42.82 ▼ 1.43% VALE3 83.45 ▲ 0.46% ITUB4 40.32 ▲ 0.65% BBDC4 18.00 ▲ 0.90% ABEV3 16.61 ▲ 0.12% BBAS3 21.07 ▼ 0.19% B3SA3 16.48 ▼ 2.72% WEGE3 43.45 ▲ 0.02% PRIO3 62.98 ▼ 2.73% SUZB3 42.09 ▲ 0.98% RENT3 42.82 ▼ 2.01% AZZA3 20.65 ▲ 0.73% CSAN3 4.01 ▼ 6.31% RAIZ4 0.42 ▲ 5.00% PCAR3 1.99 ▼ 1.00% GMAT3 4.26 ▼ 0.47% PSSA3 48.54 ▼ 0.72% CVCB3 1.69 ▼ 1.74% POSI3 4.13 ▼ 0.96% SLCE3 15.89 ▼ 1.49% NATU3 9.97 ▼ 4.13% BRKM5 11.32 ▼ 3.08% RANI3 7.93 ▲ 0.25% CSNA3 6.55 ▼ 2.09% CMIN3 4.63 ▲ 2.66% USIM5 10.23 ▲ 5.90% GGBR4 23.74 ▲ 0.55% ENEV3 25.14 ▲ 0.32% NEOE3 33.80 — 0.00% CPFE3 44.18 ▲ 1.35% CMIG4 11.16 ▼ 0.36% EQTL3 37.99 ▼ 1.58% LREN3 14.87 ▼ 1.13% VIVT3 33.93 ▲ 0.80% RAIL3 14.05 ▼ 1.40% KLABIN 16.78 ▲ 1.02% RAIA DROGASIL 18.50 ▲ 2.72% RDOR3 34.40 ▼ 1.71% HAPV3 12.40 ▼ 1.59% FLRY3 15.98 ▼ 0.44% SMTO3 17.14 ▼ 0.06% UGPA3 27.48 ▼ 1.40% VBBR3 31.02 ▼ 2.67% BBSE3 34.86 ▲ 0.40% BPAC11 54.99 ▼ 0.92% CURY3 31.48 ▼ 1.87% AERI3 2.33 ▲ 0.43% VIVARA 22.18 ▼ 0.40% COMPASS 26.50 ▼ 1.30% VAMOS 3.23 ▼ 0.31% SANB11 27.47 ▲ 0.55% ASAI3 9.25 ▲ 1.54% SBSP3 28.56 ▼ 0.73% WALMEX 54.75 ▲ 0.66% GMEXICO 215.62 ▲ 1.03% FEMSA 213.08 ▲ 0.73% CEMEX 23.01 ▲ 1.68% GFNORTE 199.95 ▲ 3.42% BIMBO 59.50 ▲ 1.41% TELEVISA 9.90 ▲ 0.30% AMX 22.68 ▲ 0.80% GAP 424.95 ▲ 0.62% ASUR 305.05 ▼ 1.46% OMA 221.73 ▲ 0.62% KOF 190.56 ▲ 1.12% GRUMA 297.42 ▲ 0.17% KIMBER 39.05 ▲ 3.50% SQM-B 75,439 ▲ 3.92% COPEC 6,445 ▲ 0.86% BSANTANDER 71.81 ▼ 0.25% FALABELLA 5,831 ▼ 0.56% ENELAM 78.52 ▼ 0.61% CENCOSUD 2,131 ▲ 0.42% CMPC 1,120 ▼ 0.10% BANCO CHILE 173.14 ▲ 0.09% LATAM AIR 23.67 ▲ 1.20% YPF 76,475 ▲ 6.07% GGAL 7,130 ▲ 4.93% PAMPA 4,950 ▲ 3.34% TXAR 680.00 ▲ 4.94% ALUAR 998.00 ▲ 3.21% TGS 9,005 ▲ 3.68% CEPU 2,290 ▲ 6.26% MIRGOR 17,100 ▲ 4.43% COME 48.10 ▲ 8.55% LOMA NEGRA 3,548 ▲ 3.80% BYMA 291.50 ▲ 1.48% TELECOM ARG 4,153 ▲ 9.56% ECOPETROL 14.92 ▲ 0.40% BANCOLOMBIA 70.78 ▼ 1.30% GRUPO AVAL 4.76 ▲ 2.15% CREDICORP 348.24 ▼ 1.00% SOUTHERN COPPER 187.75 ▼ 1.12% BUENAVENTURA 34.63 ▼ 1.31% MERCADOLIBRE 1,696 ▲ 2.92% NUBANK 13.03 ▲ 0.39% XP 17.14 ▼ 0.49% PAGSEGURO 9.27 ▲ 0.54% STONE 11.35 ▲ 0.53% GLOBANT 38.82 ▲ 1.04% TECNOGLASS 43.09 ▲ 2.52% GAP AIRPORT 244.20 ▲ 0.21% ASUR 305.05 ▼ 1.46% OMA AIRPORT 102.19 ▼ 0.01% AMX ADR 25.97 ▼ 0.04% FEMSA ADR 122.67 ▲ 0.62% CEMEX ADR 13.21 ▲ 0.84% PETROBRAS ADR 18.96 ▼ 2.27% VALE ADR 16.51 ▲ 0.06% ITAU ADR 7.94 — 0.00% SANTANDER BR 5.47 ▲ 0.18% AMBEV ADR 3.27 — 0.00% CSN 1.33 ▼ 1.12% GERDAU 4.71 ▲ 0.64% LATAM ADR 53.13 ▲ 1.66% BTC 73,171 ▼ 1.58% ETH 1,987 ▼ 1.72% SOL 80.98 ▼ 1.69% XRP 1.29 ▼ 1.18% BNB 634.26 ▼ 2.14% ADA 0.23 ▼ 2.81% DOGE 0.10 ▼ 2.08% AVAX 8.81 ▼ 2.52% LINK 8.87 ▼ 2.81% DOT 1.19 ▼ 3.08% LTC 50.72 ▼ 2.32% BCH 326.93 ▼ 2.09% TRX 0.36 ▼ 2.01% XLM 0.17 ▲ 2.79% HBAR 0.08 ▼ 2.90% NEAR 2.40 ▼ 3.96% ATOM 2.07 ▼ 2.60% AAVE 81.01 ▼ 2.67% SELIC 14.50% EMBRAER 73.50 ▲ 1.55% EMBRAER ADR 58.07 ▲ 0.29% JBS 13.22 ▲ 1.85% JBS BDR 66.83 ▲ 2.82% MBRF3 16.29 ▼ 0.43% MBRFY 3.17 ▼ 2.76% INTER 6.41 ▲ 1.10% IBOV 175,744 ▼ 0.48% IPSA 10,838 ▲ 0.85% IPC MEX 70,021 ▲ 1.19% MERVAL 3,072,011 ▲ 5.05% COLCAP 2,194.76 ▼ 1.51% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.06 ▼ 0.00% USD/MXN 17.39 ▲ 0.18% USD/CLP 893.69 ▼ 0.07% USD/COP 3,629 ▼ 1.17% USD/PEN 3.41 ▲ 0.08% USD/ARS 1,412 ▼ 0.02% USD/UYU 40.06 ▲ 1.54% USD/PYG 6,114 ▲ 0.42% USD/BOB 6.86 ▲ 1.45% USD/DOP 59.00 ▲ 1.20% USD/CRC 450.95 ▲ 2.46% USD/GTQ 7.62 ▲ 2.26% USD/HNL 26.62 ▲ 0.27% USD/NIO 36.62 ▲ 0.31% USD/VES 543.22 ▲ 1.59% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.64% USD/JMD 155.89 ▼ 0.04% USD/TTD 6.74 ▲ 1.25% EUR/BRL 5.87 ▲ 0.03% BRENT 94.64 ▲ 0.37% WTI 91.06 ▲ 2.68% IRON ORE 161.91 — — COPPER 6.31 ▲ 0.06% GOLD 4,418 ▼ 0.66% SILVER 73.60 ▼ 1.35% SOY 1,193 ▲ 0.67% CORN 454.25 ▲ 0.39% WHEAT 623.00 ▲ 0.08% COFFEE 271.70 ▼ 0.84% SUGAR 14.13 ▼ 2.82% ORANGE JUICE 167.10 ▼ 5.65% COTTON 76.49 ▼ 1.14% COCOA 4,149 ▼ 0.48% BEEF 242.48 ▼ 2.32% CATTLE 354.53 ▲ 1.45% LITHIUM 85.53 ▼ 0.95% PETR4 42.82 ▼ 1.43% VALE3 83.45 ▲ 0.46% ITUB4 40.32 ▲ 0.65% BBDC4 18.00 ▲ 0.90% ABEV3 16.61 ▲ 0.12% BBAS3 21.07 ▼ 0.19% B3SA3 16.48 ▼ 2.72% WEGE3 43.45 ▲ 0.02% PRIO3 62.98 ▼ 2.73% SUZB3 42.09 ▲ 0.98% RENT3 42.82 ▼ 2.01% AZZA3 20.65 ▲ 0.73% CSAN3 4.01 ▼ 6.31% RAIZ4 0.42 ▲ 5.00% PCAR3 1.99 ▼ 1.00% GMAT3 4.26 ▼ 0.47% PSSA3 48.54 ▼ 0.72% CVCB3 1.69 ▼ 1.74% POSI3 4.13 ▼ 0.96% SLCE3 15.89 ▼ 1.49% NATU3 9.97 ▼ 4.13% BRKM5 11.32 ▼ 3.08% RANI3 7.93 ▲ 0.25% CSNA3 6.55 ▼ 2.09% CMIN3 4.63 ▲ 2.66% USIM5 10.23 ▲ 5.90% GGBR4 23.74 ▲ 0.55% ENEV3 25.14 ▲ 0.32% NEOE3 33.80 — 0.00% CPFE3 44.18 ▲ 1.35% CMIG4 11.16 ▼ 0.36% EQTL3 37.99 ▼ 1.58% LREN3 14.87 ▼ 1.13% VIVT3 33.93 ▲ 0.80% RAIL3 14.05 ▼ 1.40% KLABIN 16.78 ▲ 1.02% RAIA DROGASIL 18.50 ▲ 2.72% RDOR3 34.40 ▼ 1.71% HAPV3 12.40 ▼ 1.59% FLRY3 15.98 ▼ 0.44% SMTO3 17.14 ▼ 0.06% UGPA3 27.48 ▼ 1.40% VBBR3 31.02 ▼ 2.67% BBSE3 34.86 ▲ 0.40% BPAC11 54.99 ▼ 0.92% CURY3 31.48 ▼ 1.87% AERI3 2.33 ▲ 0.43% VIVARA 22.18 ▼ 0.40% COMPASS 26.50 ▼ 1.30% VAMOS 3.23 ▼ 0.31% SANB11 27.47 ▲ 0.55% ASAI3 9.25 ▲ 1.54% SBSP3 28.56 ▼ 0.73% WALMEX 54.75 ▲ 0.66% GMEXICO 215.62 ▲ 1.03% FEMSA 213.08 ▲ 0.73% CEMEX 23.01 ▲ 1.68% GFNORTE 199.95 ▲ 3.42% BIMBO 59.50 ▲ 1.41% TELEVISA 9.90 ▲ 0.30% AMX 22.68 ▲ 0.80% GAP 424.95 ▲ 0.62% ASUR 305.05 ▼ 1.46% OMA 221.73 ▲ 0.62% KOF 190.56 ▲ 1.12% GRUMA 297.42 ▲ 0.17% KIMBER 39.05 ▲ 3.50% SQM-B 75,439 ▲ 3.92% COPEC 6,445 ▲ 0.86% BSANTANDER 71.81 ▼ 0.25% FALABELLA 5,831 ▼ 0.56% ENELAM 78.52 ▼ 0.61% CENCOSUD 2,131 ▲ 0.42% CMPC 1,120 ▼ 0.10% BANCO CHILE 173.14 ▲ 0.09% LATAM AIR 23.67 ▲ 1.20% YPF 76,475 ▲ 6.07% GGAL 7,130 ▲ 4.93% PAMPA 4,950 ▲ 3.34% TXAR 680.00 ▲ 4.94% ALUAR 998.00 ▲ 3.21% TGS 9,005 ▲ 3.68% CEPU 2,290 ▲ 6.26% MIRGOR 17,100 ▲ 4.43% COME 48.10 ▲ 8.55% LOMA NEGRA 3,548 ▲ 3.80% BYMA 291.50 ▲ 1.48% TELECOM ARG 4,153 ▲ 9.56% ECOPETROL 14.92 ▲ 0.40% BANCOLOMBIA 70.78 ▼ 1.30% GRUPO AVAL 4.76 ▲ 2.15% CREDICORP 348.24 ▼ 1.00% SOUTHERN COPPER 187.75 ▼ 1.12% BUENAVENTURA 34.63 ▼ 1.31% MERCADOLIBRE 1,696 ▲ 2.92% NUBANK 13.03 ▲ 0.39% XP 17.14 ▼ 0.49% PAGSEGURO 9.27 ▲ 0.54% STONE 11.35 ▲ 0.53% GLOBANT 38.82 ▲ 1.04% TECNOGLASS 43.09 ▲ 2.52% GAP AIRPORT 244.20 ▲ 0.21% ASUR 305.05 ▼ 1.46% OMA AIRPORT 102.19 ▼ 0.01% AMX ADR 25.97 ▼ 0.04% FEMSA ADR 122.67 ▲ 0.62% CEMEX ADR 13.21 ▲ 0.84% PETROBRAS ADR 18.96 ▼ 2.27% VALE ADR 16.51 ▲ 0.06% ITAU ADR 7.94 — 0.00% SANTANDER BR 5.47 ▲ 0.18% AMBEV ADR 3.27 — 0.00% CSN 1.33 ▼ 1.12% GERDAU 4.71 ▲ 0.64% LATAM ADR 53.13 ▲ 1.66% BTC 73,171 ▼ 1.58% ETH 1,987 ▼ 1.72% SOL 80.98 ▼ 1.69% XRP 1.29 ▼ 1.18% BNB 634.26 ▼ 2.14% ADA 0.23 ▼ 2.81% DOGE 0.10 ▼ 2.08% AVAX 8.81 ▼ 2.52% LINK 8.87 ▼ 2.81% DOT 1.19 ▼ 3.08% LTC 50.72 ▼ 2.32% BCH 326.93 ▼ 2.09% TRX 0.36 ▼ 2.01% XLM 0.17 ▲ 2.79% HBAR 0.08 ▼ 2.90% NEAR 2.40 ▼ 3.96% ATOM 2.07 ▼ 2.60% AAVE 81.01 ▼ 2.67% SELIC 14.50% EMBRAER 73.50 ▲ 1.55% EMBRAER ADR 58.07 ▲ 0.29% JBS 13.22 ▲ 1.85% JBS BDR 66.83 ▲ 2.82% MBRF3 16.29 ▼ 0.43% MBRFY 3.17 ▼ 2.76% INTER 6.41 ▲ 1.10%
since 2009
Thursday, May 28, 2026

Brazil Agri Business

Promises and Pressure: Brazil’s Late Push to Ease Fertilizer Dependence on Russia

By · July 23, 2025 · 2 min read

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Brazil says it wants to reduce its 85% dependency on imported fertilizer by building four new factories that will, by official projections, cover just 35% of national urea demand.

Government officials, led by Petrobras and the Ministry of Development, framed this move as strategic, but the timing tells a less heroic story.

For years, Brazil’s agriculture sector—feeding global markets with soy and beef—grew ever more dependent on imported Russian fertilizer and cheap Russian diesel.

Official customs and trade data confirm Brazil spent over $4 billion on Russian fertilizers and another $3 billion on diesel in 2024 alone.

These purchases powered record harvests, supporting around a quarter of the nation’s GDP, but also sent billions in hard currency to Russia, much to the annoyance of Western policymakers.

Promises and Pressure: Brazil’s Late Push to Ease Fertilizer Dependence on Russia
Promises and Pressure: Brazil’s Late Push to Ease Fertilizer Dependence on Russia. (Photo Internet reproduction)

After over a year of warnings from the United States and NATO about the risks of fueling Russia’s war budget, Brazilian authorities suddenly found urgency.

Petrobras announced a $900 million investment to bring four dormant or new fertilizer plants online by 2028, in Paraná, Bahia, Espírito Santo, and Mato Grosso do Sul.

This, officials say, will secure a hefty 35% of urea demand domestically—meaning Brazil will still depend on imports for well over half its needs.

Brazil’s Fertilizer Gamble

Vice President Geraldo Alckmin and Petrobras’s leadership insist these factories will safeguard food supply and insulate Brazil from global supply shocks.

Customs figures and Ministry statements confirm that, under political pressure, Brazil accelerated its push for so-called fertilizer “sovereignty.”

Yet the government admits the country will remain exposed for at least three to four more years until local production ramps up. Western governments continue to signal stronger sanctions are at stake, as ongoing imports from Russia provide a financial lifeline for the Kremlin.

Brazil’s leaders tout the new domestic investment as bold, but had years to address this gap and chose to act only when Washington and Brussels began to tighten the screws.

Behind the upbeat speeches about food security and independence, Brazil’s strategy looks more like an emergency maneuver forced by outside threats. Foreign pressure, not foresight, forced this scramble.

Even after the new plants open, Brazil will still remain exposed to global volatility and political leverage, since most of its fertilizer will still come from abroad.

For the global food market, Brazil’s delayed reaction puts supply stability at risk. Western powers want to disrupt Russian finances; Brazil wants to keep its agriculture humming.

In the middle lies a multi-billion-dollar gap, plugged for now with promises and patches, and no easy exit from dependence—only a little less of it.

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