Event Brief
Brazil approves Profert program to build fertilizer industry
Filed: May 28, 2026 at 5:05 AM ET
Summary: Brazil’s Chamber approved PL 699/2023 creating the Profert program and a 2026 credit to cut fertilizer import dependence.
WHO: Brazil’s Chamber (Chamber of Deputies)
WHAT: Approved PL 699/2023 to create the Profert program and provide 2026 financial credit for Brazil’s domestic fertilizer industry.
WHEN: May 28, 2026 at 4:50 AM ET
WHERE: Brazil
WHY: The approval was made to reduce Brazil’s high fertilizer import dependence by building domestic fertilizer capacity.
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