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Affected by the conflict between Russia and Ukraine, the price of potash fertilizer in Brazil reached a record high
.
Nearly 70% of farmers in South America have not purchased the fertilizer they need this year
According to reports from CCTV in mainland China and Shanghai Business News, the conflict between Russia and Ukraine has severely impacted Brazil, which mainly relies on these two countries to import fertilizers
.
The price of potash fertilizer in the Brazilian market has soared from US$300 per ton in February 2021, and reached an all-time high price of US$1,100 per ton on March 23
.
.
The price of potash fertilizer in the Brazilian market has soared from US$300 per ton in February 2021, and reached an all-time high price of US$1,100 per ton on March 23
.
Statistics from the Vargas Foundation, the largest think tank in South America, show that in 2021, nitrogen, phosphorus and potash fertilizers produced in Russia will account for 10%, 7% and 20% of the global market, respectively
.
20% of the nitrogen fertilizer, 15% of the phosphate fertilizer and 28% of the potash fertilizer imported by Brazil in that year were produced in Russia
.
.
20% of the nitrogen fertilizer, 15% of the phosphate fertilizer and 28% of the potash fertilizer imported by Brazil in that year were produced in Russia
.
Brazil relies on imports for 85 percent of its fertilizer supply, with a fifth from Russia
.
.
Marcio Borges, a doctor of agriculture at the Federal University of Rio de Janeiro, said that Brazil is one of the largest producers and exporters of agricultural products, and Brazil has a very large demand for fertilizer imports
.
Fertilizers are extracted from oil, and the situation in Ukraine has caused a sharp rise in world oil prices.
The rise in oil prices has triggered a series of product price changes, and agriculture and animal husbandry have been hit
.
.
Fertilizers are extracted from oil, and the situation in Ukraine has caused a sharp rise in world oil prices.
The rise in oil prices has triggered a series of product price changes, and agriculture and animal husbandry have been hit
.
As fertilizer prices skyrocketed, farmers in many countries around the world were ill-prepared
.
Nearly 70 percent of farmers in major South American grain-growing countries such as Brazil have yet to buy the fertilizer they need this season, according to the latest survey by U.
S.
commodities trader StoneX
.
.
Nearly 70 percent of farmers in major South American grain-growing countries such as Brazil have yet to buy the fertilizer they need this season, according to the latest survey by U.
S.
commodities trader StoneX
.
In addition, Brazil seeks to increase cereal imports from neighboring Argentina due to higher wheat prices
.
In 2021, of the 41 million tons of various products imported by Brazil, 23% are of Russian origin
.
.
In 2021, of the 41 million tons of various products imported by Brazil, 23% are of Russian origin
.
How important is the large output and the export of more Russian fertilizers to the world?
According to the data of the United Nations Food and Agriculture Organization, the position of Russian fertilizer exports in the global trade pattern is particularly critical
.
In 2021, the export trade value of its nitrogen, phosphorus and potassium fertilizers will all rank among the top three in the world, accounting for 15% to 20%, and it is an important fertilizer supplier in the international market
.
.
In 2021, the export trade value of its nitrogen, phosphorus and potassium fertilizers will all rank among the top three in the world, accounting for 15% to 20%, and it is an important fertilizer supplier in the international market
.
At the same time, in terms of production, Russia's annual output of fertilizers exceeds 50 million tons, accounting for 13% of global fertilizer production
.
Its export trade mainly faces countries such as Brazil, the United States and India
.
.
Its export trade mainly faces countries such as Brazil, the United States and India
.
In addition, Russia is also an important supplier of natural gas in the world.
40% of the natural gas supply in Europe comes from Russia, and natural gas is the main raw material for the production of nitrogen fertilizer
.
40% of the natural gas supply in Europe comes from Russia, and natural gas is the main raw material for the production of nitrogen fertilizer
.
Fertilizer prices are getting higher and higher, how will Brazil go in the future?
As fertilizer prices continue to rise, governments around the world are looking for a way out
.
Brazilian Agriculture Minister Dias has turned to Canada and the Middle East for new fertilizer suppliers
.
In addition, Dias submitted a proposal to the United Nations Food and Agriculture Organization (FAO), backed by the Mercosur group
.
The proposal said fertilizers should be excluded from sanctions against Russia amid concerns about food security
.
.
Brazilian Agriculture Minister Dias has turned to Canada and the Middle East for new fertilizer suppliers
.
In addition, Dias submitted a proposal to the United Nations Food and Agriculture Organization (FAO), backed by the Mercosur group
.
The proposal said fertilizers should be excluded from sanctions against Russia amid concerns about food security
.
Tong Changzheng, a chemical analyst at the Investment Consulting Department of Chaos Tiancheng Research Institute, said that it is not easy for Brazil and other countries to make up for the fertilizer gap from countries other than Russia.
On the one hand, Russia accounts for a high proportion of global fertilizer exports, and on the other hand, it is because of the output of chemical fertilizers.
It is difficult to improve quickly in the short term
.
On the one hand, Russia accounts for a high proportion of global fertilizer exports, and on the other hand, it is because of the output of chemical fertilizers.
It is difficult to improve quickly in the short term
.
In addition, Tong Changzheng also said that in the next period of time, international food prices may continue to rise, which may affect the demand in the international fertilizer market and will continue to push up fertilizer prices
.
"If the price of food is higher than the price of fertilizer, it means that although the planting cost of growers has increased, their profits will also increase
.
"
.
"If the price of food is higher than the price of fertilizer, it means that although the planting cost of growers has increased, their profits will also increase
.
"
