Business

Continuing war in Ukraine creates risks and opportunities for Brazilian poultry industry

Brazil could gain market share from Ukraine, but producers are facing higher costs on all sides

Poultry plan in Santa Catarina. Photo: Alf Ribeiro/Shutterstock
Poultry plan in Santa Catarina. Photo: Alf Ribeiro/Shutterstock

The war between Russia and Ukraine is having a massive effect on global food production, as together the countries account for 12 percent of the calories consumed in the world, according to a recent estimate by the International Food Policy Research Institute. Moreover, strict sanctions against Russia and Belarus (which is in alliance with Moscow) have disrupted the supply of much-needed fertilizers – one of the reasons why Brazil has not wanted to confront Vladimir Putin.

Brazil depends on Russia and Belarus for almost 22 percent of its supply of nitrogenous fertilizers, and almost 42 percent of potassium-based...

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