Potassium supply factsReading through the Brazil government's announcement about the fertilizer initiatives, I found this paragraph interesting:
Marcelo Mello, from StoneX, says he doesn't believe in shortages or fertilizers and, consequently, not even food. But he agrees that the increase in prices will impose a reduction in the quantities of products on the part of the farmer. "For example: instead of 100 tons of phosphorus per hectare, he will throw 60, 50, 40... because it is very expensive," said Mello Rangel makes the same assessment, adding that, as phosphorus has the capacity to be stored in the soil, the application of previous years is able to make up for this decrease in the next harvest.
Not so with potassium.
"It is a problem because it is extracted at harvest. It is necessary to reset with intensity every year. This characteristic makes our concern greater in relation to the supply of potassium" , he said.
This is another positive and recurring tailwind for Verde's growth in Brazil.