--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20191126-itafos-idles-it-plant-in-brazil/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Itafos idles it plant in Brazil Publication Date: 2019-11-26T09:38:58-05:00 Last Updated: 2019-11-25T21:42:36-05:00 Author: Elena Shalashnik (https://www.fertilizerdaily.com/author/shea2707/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![Itafos idles it plant in Brazil](https://www.fertilizerdaily.com/wp-content/uploads/2019/11/stop.jpg) Low prices force a disciplined approach to capital allocation. The Canadian company Itafos announced that it would stop the operation of Itafos Arraias (Brazil) and suspend the implementation of the previously announced repurpose plan which was aimed at optimizing finished fertilizer production. This decision is driven by the need to optimize capital in the face of downward trend in world prices for mineral fertilizers. “While we have demonstrated the viability of the repurpose plan at Itafos Arraias, including producing and commercializing new premium products, market prices have continued to decline and have currently reached unsustainable levels. As a result of these external factors, we have decided to idle Itafos Arraias to manage the cycle, while we evaluate strategic options for the business,” said Dr. Mhamed Ibnabdeljalil, interim CEO of Itafos. To enable the repurpose plan Itafos entered into a multi-year phosphate rock agreement to purchase higher grade phosphate rock from the Moroccan OCP Group for Itafos Arraias. As of today, the company has idled Itafos Arraias’ existing mines, tailings dam and the beneficiation plant. Itafos Arraias’ production and sales capacity is approximately 500 thousand tons of mineral fertilizers per year, mainly phosphate ones. Tags: [Brazil](https://www.fertilizerdaily.com/tag/brazil/), [Itafos](https://www.fertilizerdaily.com/tag/itafos/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.