In order to keep up with this growth, production of food must increase by a minimum of 70% which, in turn, will increase the demand for phosphate exponentially. Furthermore, in developing countries there has been a rapid shift towards more protein-based diets, thus substantially increasing the demand for animal feed and in turn, increasing demand for fertilizers to enhance crop output.
Fengro Industries Corp. (“Fengro” or “the Company”) is a vertically integrated producer of phosphate-based fertilizers in Brazil. The Company owns three agro-mineral projects – Bomfim, Ruth and Samba,
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