Brazil Faces Fertilizer Crisis as War and China Choke It

2026-03-11 - 11:33

Key Points — Brazil’s Agriculture Ministry has issued urgent technical notes warning of an “extremely high risk” of fertilizer shortages and price spikes for the 2026/27 crop season, driven by a twin crisis: the closure of the Strait of Hormuz and China’s decision to restrict phosphate exports through mid-2026. — Brazil imports 85% of its