Verde AgriTech revised its sales plans
The Brazilian company Verde AgriTech has revised plans for the sale of Super Greensand mineral fertilizer. It intends to sell 1 million tons in 2022 and 2 million tons in 2023. Earlier, it was about 700 thousand tons and 1 million tons, respectively.
Verde AgriTech does not disclose the composition of Super Greensand. Apparently, it’s a mineral fertilizer based on glauconite — a hydrous aluminosilicate of iron, silicon and potassium. Glauconite dissolves easily and therefore can be used as an alternative to potassium chloride.
Brazil is the first country in the world in terms of consumption of potassium fertilizers and the second in terms of their imports, purchasing 96% of domestic demand from abroad. In 2021, the consumption of potassium fertilizers in Brazil reached 7.9 million tons, while in 2020 — 2.7 million tons.