"Russia’s recent decision to halt fertilizer exports could have a devastating impact on Brazil, an agriculture powerhouse that imports more than 85 percent of its fertilizer demand.According to Bloomberg, Russia is Brazil’s top supplier of fertilizer. And Belarus, one of Russia’s allies, provides 28 percent of Brazil’s fertilizer imports... “No other nation in the world relies on foreign fertilizer (more) than Brazil,” reported Zero Hedge.Brazil has a plan in place to stop relying on Russian fertilizer, but that will not be complete until 2050.“Retraining fertilizer consumption may hurt crop yields, boost inflation, and threaten food security,” announced Brazilian Agriculture Minister Tereza Cristina this week."
