Brazil Senate Passes Profert Law To Boost Domestic Fertilizer Production, Potentially Cutting Brazil Potash's Construction Costs By ~$190M
New "Profert" (Fertilizer Industry Development Program) legislation creates a tax incentive that, when combined with the previously announced SUFRAMA (Superintendence of the Manaus Free Trade Zone), has the
Brazil just passed a new law that gives tax breaks to companies making fertilizer at home, which could save Brazil Potash about $190 million on building costs. When a company's costs drop like this, it means they might make more profit or grow faster—something to notice when watching how the company does.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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