Brazilian fertilizer company Potassio do Brasil, a wholly owned subsidiary of Canada-based Brazil Potash, has signed a memorandum of understanding with Swiss trading firm Keytrade to supply up to 1mn t/yr of potash from its Potassio Autazes project in Amazonas.
Potassio do Brasil already has an existing offtake agreement with Brazilian agricultural firm Amaggi for about 500,000 t/yr.
The Potassio Autazes project has a planned capacity of 2.4mn t/yr and began construction in September. It is expected to start operating in 2029.
Potash from this project will be destined for the domestic market. Brazil currently imports about 96pc of its potash needs.
