Brazilian ports develop a special scheme to receive fertilizers, says Minister

Tarcísio de Freitas, Brazil’s Minister of Infrastructure, announced on Tuesday, March 15, that the federal government set up a special scheme in the country’s ports to receive fertilizers. Vessels that arrive in Brazil with these products will no longer have to queue to unload. The fertilizers used by Agribusiness are mostly imported from Russia, a country at war with Ukraine.

“We have devised a plan to be applied at ports to allow fertilizer landings to be completed as rapidly as possible. We collaborated with the Ministry of Agriculture to ensure that no fertilizer ship has to stand in line,” he pointed out. “We are not going to accept having our producers short of supplies,” added the Infrastructure Minister.

Fertilizers, particularly nitrogen, phosphorus, and potassium, are widely employed by the Brazilian agricultural sector and are thought to be crucial for providing one or more nutrients to crops. Nearly 85% of the total used by Brazil is imported, primarily from Russia.

Fuels

The minister also stated that the government is exploring several options to fight the country’s rising fuel prices, particularly those derived from oil. Among the choices, according to Freitas, are tax measures, such as modifications in ICMS, the Brazilian excise tax, and exchange rate measures.

“One alternative that has been long thought is tackling the price issue through taxes. A complementary bill has already been approved to change the incidence of taxes, particularly excise taxes,” he said.

Freitas also stated that another way to deal with the high fuel prices is to keep the exchange rate stabilized, forcing it to “give in.” “Since we are seeing a lot of resources flowing to Brazil, we will see the exchange rate eventually decreasing and, thus, bringing fuel prices down,” he said.

Souce: Canal Rural

To read the full original article, please see:

https://www.canalrural.com.br/noticias/agricultura/portos-do-brasil-tem-esquema-especial-para-receber-fertilizantes-diz-ministro/

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