Brazil Potash Corp. (NYSE: GRO) shares just cleared breakeven Monday. The Brazil-based company, a mineral exploration and development concern with a critical mineral potash agriculture project, the Autazes Potash Project, today highlighted the potential impact of Profert, a bill approved last week by the Brazilian Senate to modernize Brazil's agribusiness infrastructure and reduce its dependency on international supply chains, on construction funding for the Autazes Project. The bill now heads to President Luiz Inácio Lula da Silva for signature into law.
Brazil spent roughly US$15 billion on fertilizer imports in 2025, which supplied approximately 85% of the fertilizer it consumed, according to data from Brazil’s Ministry of Development, Industry, Trade and Services. Approximately 96% of potash alone, an input essential to soybean and corn farming, was imported from a small number of supplier countries.
Profert is intended to reduce Brazil's reliance on imported fertilizer and was approved by the Chamber of Deputies in May and by the Senate on August 11. The bill now awaits signature into law by President Lula, which is expected in the coming weeks.
The bill combines three instruments: a tax credit for domestic fertilizer production, the Brazilian development bank’s credit line to finance sector infrastructure, and a mandatory domestic-content floor for fertilizer sold in Brazil, starting at 2% in 2027 and rising to 10% by 2037, with the potential to increase to 30%, subject to supply availability.
GRO shares inched up two cents to $2.22.
