Brazil Potash secures agreement with Keytrade to supply one million tons of potash annually

Brazil Potash has signed a memorandum of understanding (MOU) with Keytrade for the potential supply of up to one million tons of potash annually. This agreement marks a substantial step in Brazil Potash’s commercial strategy, enhancing its stature as a burgeoning domestic supplier within the Brazilian agricultural market.

Operating under its subsidiary, Potássio do Brasil, Brazil Potash is poised to advance its Autazes Potash Project, which is set to be the largest potash fertilizer project in the nation. The MOU with a leading global fertilizer trading firm, Keytrade, could see the company providing about half of its projected annual production capacity of 2.4 million tons from this initiative. This arrangement complements an existing offtake agreement with AMAGGI, collectively securing potential offload for approximately 1.5 million tons of potash annually. This forms a robust basis for future project financing initiatives.

Established in 1997 in Switzerland, Keytrade has been influential in the fertilizer market for several decades. With a presence in over 115 countries, Keytrade caters to a broad range of stakeholders in the fertilizer industry, from suppliers to end-users. Its efforts extend beyond traditional business operations into impact investing and distributing innovative agricultural solutions through its subsidiary, WeGrow.

Brazil Potash is strategically positioned to address Brazil’s reliance on imported potash through its domestic production. With plans to potentially double its output in the future, the company aims to support Brazil’s agricultural sector and contribute significantly to global food security by reducing greenhouse gas emissions and enhancing the utilization of local resources.