RUSSIAN fertiliser shipments to meet the needs of Brazilian grain growers are getting through despite sanctions imposed on Russia for its invasion of Ukraine, Reuters reports.
At least 24 vessels carrying almost 678,000 tonnes of Russian fertilisers from ports in the country are expected to reach Brazil in the next weeks, according to preliminary shipping data compiled by Agrinvest Commodities.
Data show 11 of the 24 vessels left ports including St Petersburg and Murmansk after February 24, when the war started. Most are carrying potassium chloride used on soy and corn fields.
The Pebble Beach, with a 35,000-tonne potassium chloride load, was the latest to leave Russia on April 4 en route to Vitoria port in Brazil's southeast.
A fertiliser trader said deals were still possible as foreign units of Russian firms continue to fill orders, while banks untouched by western sanctions process the payments.
Brazil's overall imports of fertiliser and raw materials used to make plant nutrients rose by 24.57 per cent to 9.7 million tonnes in the first quarter, according to data from Siacesp, an industry group. Potassium chloride imports alone jumped 41.75 per cent to 3.08 million tonnes.
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