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328992

Brazil 2022/23 crop "saved" thanks to Russian fertilizer -minister

CAMPINAS, June 7 (Reuters) - Brazil's Agriculture Minister Marcos Montes on Tuesday said the 2022/23 grain crop is "saved" as Russia is still sending fertilizers to the South American nation.

Faced with supply uncertainties related to Russia's war in Ukraine, Brazil negotiated with Russia to secure fertilizer shipments, Montes said.

Brazil, which imports over 85% of its needs, has purchased 16.64 million tons of fertilizers through May, up 16.5% from the same period in 2021, according to data from the shipping agency Cargonave.

Russia has sold 3.06 million tons of fertilizers to Brazil during the period, making it the country's No. 1 supplier.

(Reporting by Nayara Figueiredo; Writing by Peter Frontini; Editing by Anthony Esposito and Marguerita Choy)

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