On Tuesday (9), the Minister of Agriculture and Livestock, Carlos Fávaro, signed two important acts with Bolivia to increase the supply of fertilizers in Brazil. The signatures took place during the bilateral meeting between the President of the Republic, Luiz Inácio Lula da Silva, and the President of Bolivia, Luis Arce, in Santa Cruz de la Sierra. The main objective is to increase the productivity of Brazilian agribusiness and strengthen the competitiveness of the sector. New agreements will expand the supply of fertilizers in Brazil, strategically strengthening the future of agribusiness. With more fertilizers available, an increase in agricultural productivity is expected, ensuring greater quantity and quality of food for the Brazilian population.
The first document is a cooperation agreement for the commercialization of fertilizers and sodium chloride, signed with the Minister of Hydrocarbons and Energy of Bolivia, Franklin Molina Ortiz. The second act is a memorandum of understanding on the export of fertilizers to Brazil, signed with the Minister of Rural Development and Lands of Bolivia, Santos Condori.
These agreements establish the terms and conditions for the export of fertilizers and their raw materials to Brazil, with a focus on strengthening local agriculture. In addition, they aim to promote and implement technical and scientific cooperation through technological exchange, research, development and innovation between the parties.
Strengthening food security
“Increasing the supply of fertilizers in the country is essential for the development of Brazilian agriculture. Furthermore, this brings more competitiveness to the sector and, as a consequence, strengthens food security. Therefore, increasing fertilizer production will be essential to increase food productivity in the country,” highlighted Minister Fávaro.
In 2023, Brazil exported US$1.84 billion to Bolivia, including iron bars, food and automobiles. In addition, in agribusiness, average exports over the last five years were US$1.45 billion, highlighting beverages, forestry products and feed.
On the other hand, Brazil imported approximately US$1.61 billion from Bolivia, with emphasis on natural gas, nitrogen fertilizers and borax. Brazil mainly imports urea and potassium chloride from Bolivia, spending on average US$59 million and US$9.5 million, respectively.
Source: Aline Merladete | agrolink
