Brazil Gets Final Wave of Crucial Russian Fertilizer Shipments
- Deliveries from Russia, top supplier, to end May 5: StoneX
- Fertilizer shortage in Brazil could impact global food prices
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Brazil is getting its last wave of much-needed fertilizer from Russia before supplies plunge due to the Ukraine war, potentially hurting harvests in the biggest grower of crops from coffee to sugar to soybeans.
Dozens of Russian vessels laden with fertilizer are heading to Brazil, with a final ship unloading May 5, according to StoneX analysts. After that, it’s anyone’s guess where Brazil, which imports 85% of the fertilizer it needs, will get supplies as war disrupts shipments in Russia, the top supplier.