BRICS partner sees unprecedented surge in Russian fertilizer imports, reports say
According to customs data, Russia's fertilizer exports to Brazil reached a record high of over a million tons in July. Read Full Article at RT.com
TroibNews 
In recent months, Brazil has increased its importation of soil enhancers to cope with unpredictable weather patterns.
According to a report by RIA Novosti on Saturday, citing Brazilian customs data, Russia delivered a record amount of fertilizers to Brazil in July.
The country has become the largest importer of soil enhancers in the world, importing over a million tons of Russian fertilizers for three consecutive months through to July, during which imports peaked at 1,140,000 tons, up 7.5% month-on-month. Financially, this translated to an 8% increase in the value of these imports compared to the previous period, reaching $364.4 million—the highest since March 2023.
Russia continues to be the top fertilizer supplier for Brazil, though the report noted that China is also gaining ground, with its July exports to Brazil nearly doubling to 783,400 tons.
Other significant exporters included Canada, which slightly increased its fertilizer shipments to Brazil by 1% in July, reaching 697,000 tons. Contrastingly, both Egypt and Morocco saw declines in their exports to Brazil, with drops of 29% and 7% respectively, resulting in exports of 290,000 tons and 281,000 tons.
As an important agricultural player globally, Brazil's heightened acquisition of fertilizers is attributed to challenging climatic conditions, leading to record imports in June and July of 4,200,000 tons and 4,500,000 tons, respectively.
Economic interactions between Russia and Brazil have been strengthening, evidenced by a surge in bilateral trade within the BRICS nations despite Western sanctions. Brazil’s ambassador to Russia, Rodrigo de Lima Baena Soares, noted earlier this year that trade between the two countries reached a new peak, amounting to $11 billion. Brazil adheres only to sanctions recognized by the UN Security Council, thus not participating in those sanctions levied against Russia.
Moreover, this year saw the inauguration of a new facility by Russian fertilizer manufacturer EuroChem in Brazil, which boasts an annual capacity of producing one million tons of sophisticated phosphate fertilizers. This investment, roughly $1 billion, was made in a project initially started by Norway's Yara but acquired by EuroChem in early 2022 during its construction phase.
Camille Lefevre for TROIB News
According to a report by RIA Novosti on Saturday, citing Brazilian customs data, Russia delivered a record amount of fertilizers to Brazil in July.
The country has become the largest importer of soil enhancers in the world, importing over a million tons of Russian fertilizers for three consecutive months through to July, during which imports peaked at 1,140,000 tons, up 7.5% month-on-month. Financially, this translated to an 8% increase in the value of these imports compared to the previous period, reaching $364.4 million—the highest since March 2023.
Russia continues to be the top fertilizer supplier for Brazil, though the report noted that China is also gaining ground, with its July exports to Brazil nearly doubling to 783,400 tons.
Other significant exporters included Canada, which slightly increased its fertilizer shipments to Brazil by 1% in July, reaching 697,000 tons. Contrastingly, both Egypt and Morocco saw declines in their exports to Brazil, with drops of 29% and 7% respectively, resulting in exports of 290,000 tons and 281,000 tons.
As an important agricultural player globally, Brazil's heightened acquisition of fertilizers is attributed to challenging climatic conditions, leading to record imports in June and July of 4,200,000 tons and 4,500,000 tons, respectively.
Economic interactions between Russia and Brazil have been strengthening, evidenced by a surge in bilateral trade within the BRICS nations despite Western sanctions. Brazil’s ambassador to Russia, Rodrigo de Lima Baena Soares, noted earlier this year that trade between the two countries reached a new peak, amounting to $11 billion. Brazil adheres only to sanctions recognized by the UN Security Council, thus not participating in those sanctions levied against Russia.
Moreover, this year saw the inauguration of a new facility by Russian fertilizer manufacturer EuroChem in Brazil, which boasts an annual capacity of producing one million tons of sophisticated phosphate fertilizers. This investment, roughly $1 billion, was made in a project initially started by Norway's Yara but acquired by EuroChem in early 2022 during its construction phase.
Camille Lefevre for TROIB News
