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> 21 billion reais ($4 billion) in Brazil
Post by
JimToronto on Mar 09, 2023 3:34pm
21 billion reais ($4 billion) in Brazil
SAO PAULO, March 9 (Reuters) - Global fertilizer makers said they would invest a combined 21 billion reais ($4 billion) in Brazil over four years to boost output capacity in one of the world's largest producers and exporters of staples like soy and corn.
In a statement on Thursday, industry lobby Sinprifert, which represents firms like Mosaic, Yara and EuroChem, said boosting production capacity and bringing idle fertilizer plants online would reduce Brazil's dependence on imports.
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