Brazil Potash aims to beat Russian, Canadian suppliers on price

The cost to produce potash from a mine being developed in the Brazilian Amazon will be similar to Russia's and lower than in No. 1 producer Canada, said the CEO of Brazil Potash, citing a third-party assessment used in a company presentation.

The economics of the project -- which faced a protracted licensing process involving multiple government agencies and Indigenous consultations -- has drawn analysts' attention after the price of potash fell sharply from highs above $1 000 per metric ton amid the threat of sanctions against Russia and Belarus in 2022, compared to the current level just above $300.