Brazil Senate Passes Profert Law To Boost Domestic Fertilizer Production, Potentially Cutting Brazil Potash's Construction Costs By ~$190M
Benzinga·08/17/2026 11:05:45
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- New "Profert" (Fertilizer Industry Development Program) legislation creates a tax incentive that, when combined with the previously announced SUFRAMA (Superintendence of the Manaus Free Trade Zone), has the potential to reduce Brazil Potash’s construction costs by up to ~US$190 million
- Authorizes Brazil government backed BNDES investment agency to fund the construction of fertilizer projects
- Creates domestic-content floor for fertilizer sold in Brazil, starting at 2% in 2027 and rising to 10% by 2037
- Brazil imported ~96% of the potash it consumes and spent roughly US$15 billion on foreign fertilizer in 2025