Yara, Mosaic May Have Bigger Hormuz Exposure in Brazil Than Petrobras — Panjiva
Más

Panjiva_research_logo

Yara, Mosaic May Have Bigger Hormuz Exposure in Brazil Than Petrobras

Brazil 380 Canada 475 Energy - Conventional 432 Energy - Crude Oil 295 Energy - PetChem 21 Iran 33 Materials - Chemicals 207 Sanctions 135 Saudi Arabia 43 U.S. 5260

New U.S. sanctions against Iranian exports of metals and other products, combined with a widening reluctance of commodity shippers such as Petrobras to navigate the Straits of Hormuz may make life more complex for the Brazilian economy. While the Middle East only represents 1.0% of Brazil’s oil imports, in fertilizers the figure was 8.1% in the 12 months to Oct. 31. That follows a 21.6% year over year drop in fertilizer imports from the region resulting from earlier disruptions in the region. Yara is more exposed than the average to fertilizer imports to Brazil from the gulf region at 15...

Copyright © 2022 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.