Middle East War Squeezes Brazil Farm Costs on All Fronts
Key Points — The Middle East conflict is hitting Brazil’s farm sector through diesel, fertilizers, and freight — with urea prices up 37% on global benchmarks and ammonium nitrate up 28% at Brazilian ports — Brazil imports 85% of its fertilizers, with roughly 41% of its urea supply transiting the now-disrupted Strait of Hormuz; only […] The post Middle East War Squeezes Brazil Farm Costs on All Fronts appeared first on The Rio Times.
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Key Points — The Middle East conflict is hitting Brazil’s farm sector through diesel, fertilizers, and freight — with urea prices up 37% on global benchmarks and ammonium nitrate up 28% at Brazilian ports — Brazil imports 85% of its fertilizers, with roughly 41% of its urea supply transiting the now-disrupted Strait of Hormuz; only […]
The post Middle East War Squeezes Brazil Farm Costs on All Fronts appeared first on The Rio Times.
