Verde to expand potash output in Brazil to counter supply disruption

Verde AgriTech

03/03/2022 12:29

SAO PAULO, March 3 (Reuters) - Verde Agritech PLC  NPK.TO 
has decided to expand its potash production in Brazil as the
global fertilizer supply chain faces a major bottleneck owing to
the Russia-Ukraine conflict and Western sanctions on Belarus, an
important producer.
    The company said its board has approved accelerated
investment so it can boost output capacity and become Brazil's
largest potash producer. Verde expects to double capacity of its
second production facility in the state of Minas Gerais,
currently under construction, and reach 3 million tonnes of
output capacity in 2022.
   

 (Reporting by Roberto Samora
Writing by Gabriel Araujo
Editing by David Goodman
)
 ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))