A Canadian-owned company has proposed doubling planned output of potash from a deposit in Brazil's Amazon to reduce the agricultural powerhouse's dependence on fertilizer imports disrupted by the Ukraine war.
Brazil Potash Corp said on Tuesday that its executives met with Brazilian Agriculture Minister Tereza Cristina Dias in Ottawa and discussed increasing from 2.44 million tonnes to over 5 million tonnes per year the output from its Autazes project.
Prosecutors recommended in 2016 suspending the license to develop Autazes because the Mura indigenous tribe had not been consulted, in violation of Brazil's constitution. About 30% of global potash supply has been taken out of the market due to the inability of Russian and Belarus producers to export.
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