The Minister of Agriculture and Livestock, Carlos Fávaro, recommended caution in the purchase of fertilizers amidst the volatility of international prices, influenced by the war in the Middle East. “It is a time for caution and combating speculation. The best way to deal with speculation is not to buy when the price [of fertilizer] is artificially high,” the minister stated this Friday (27), in a note from the Ministry of Agriculture and Livestock. According to the ministry, the recent temporary interruption of ammonium nitrate exports by Russia has intensified price volatility and amplified the global race for agricultural inputs. This scenario adds to the uncertainties caused by the conflict in the Middle East, which has been impacting logistical costs, energy, and the formation of fertilizer prices in the international market. The ministry informed that it maintains continuous monitoring of the supply chainIn addition to dialogue with industry stakeholders to assess logistics alternatives, import strategies, and strategies to ensure supply in the country. For Fávaro, the moment demands prudence from the market and rural producers, given possible speculative movements. “Those who needed to buy fertilizer for the current harvest have already done so. There is still time for the summer harvest. Therefore, the advice at this time is to wait for the international scenario to unfold and avoid hasty purchases,” he pointed out.
This text was translated by machine from Brazilian Portuguese.