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The Brazilian JBS launches into the production of organic fertilizers

SAO PAULO, March 18 (Reuters)JBS S.A. JBSS3.SAthe world’s largest meat company, announced on Friday that it would start producing organic fertilizers using waste from its own facilities.

JBS said in a statement that a unit located in Guaicara, in the interior of the state of Sao Paulo, will have the capacity to manufacture 150,000 tons of fertilizer products per year.

The initiative, announced as Brazilian farmers face a looming fertilizer crisis as the country depends on imports for most of its needs, required an initial investment of 134 million reais ($26.74 million), the company said.

Brazil depends on imports for about 85% of the fertilizers it consumes.

Russia, under Western sanctions for its invasion of Ukraine, is the South American nation’s largest supplier of the NPK mixture of nitrogen, phosphorus and potassium used to boost crop yields.

JBS said the investment marks its debut in the agricultural input market, adding that it will become the first Brazilian food producer to use waste generated from the company’s own operations to make fertilizer.

($1 = 5.0113 reais)

(Report by Ana Mano Editing by Paul Simao)

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