Morocco’s fertilizer exports to Brazil multiplied by 2.3 times in June 2024, solidifying Morocco’s position as the third largest supplier to this South American country.
According to Brazil’s statistics agency, Morocco is now the third largest fertilizer supplier to Brazil, with exports reaching a value of $147 million at the beginning of summer, 2.3 times more than the previous year.
Russia remains the top exporter of fertilizers to Brazil, with sales up 18% to $338 million in June. Canada is in second place, increasing its exports by 19% to $184 million. China and Egypt complete the top five, with exports valued at $127 million and $80 million, respectively.
Russian exports to Brazil in June mainly consisted of potash fertilizers, with sales up 8% to $160 million. Mixed fertilizers saw a 41% increase to $129 million, and nitrogen fertilizers reached $49.5 million, up 8%.
OCP’s Presence in Brazil
Morocco holds the largest phosphate reserves in the world, estimated at around 50 billion tons, representing 70% of global reserves. The OCP group, responsible for mining and fertilizer production, has a global presence, including two offices in Brazil located in São Paulo and Piracicaba.
Brazil, with its highly developed agricultural sector, primarily imports potassium, although Moroccan production does not fully meet the South American country’s needs.
