State drive is under way to address vulnerability of nation’s agriculture to international events
On the eve of the Russian invasion of Ukraine in 2022, Brazil’s then-president, Jair Bolsonaro, travelled to Moscow on a special mission. Eleventh-hour shuttle diplomacy it was not. Rather, the rightwing populist had an objective closer to home in his meeting with counterpart Vladimir Putin: to secure more fertilisers.
“It is very important to increase national production, so as not to be at the mercy of international events,” says Tomás Pernías, analyst at commodities consultancy StoneX. “But these projects take time to get off the ground and fertiliser consumption is increasing , in the short term, Brazil will still be very dependent on imports.
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