Fertilizers

Petrobras resumed urea production on Thursday, 30, at the Araucária Nitrogenados S.A. (Ansa) plant in Araucária, near Curitiba in Paraná. The facility had been idle since 2020 and required a R$ 870 million investment. The state-owned company aims to cut reliance on imported fertilizers amid the sector's crisis.

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Global fertilizer prices are up 22.57% since before the Middle East war began on February 28—building on an initial 7.5% rise through early March—according to Bloomberg's Green Markets index. The Strait of Hormuz closure disrupts 45% of world fertilizer trade. Colombia's farmers face escalating costs, prompting a government subsidy.