Brazil Faces Fertilizer Supply Challenges Amid Iran Conflict
Brazil's agricultural sector is heavily reliant on imported fertilizers, with 85% to 90% of its supply coming from abroad. The ongoing conflict involving Iran and the United States is exacerbating this dependency by increasing freight and insurance costs, which in turn raises the price of fertilizers. Iran's role as a natural gas producer, a key component in nitrogen fertilizers, further complicates the situation. The Brazilian government is considering measures to reduce this dependency, including increasing domestic production through Petrobras and exploring partnerships within the BRICS framework. 
