Russia has increased exports of fertilisers to Brazil by almost 30% in the first six months of the year, RIA news agency reported on Sunday, citing Andrey Guryev, the head of the Russian Fertilizers Producers Association.

According to the group, Russia also hiked fertiliser exports to Brazil by 20% last year, to a record-high 11.4 million metric tons.

Guryev was cited by RIA as saying that Russia will continue raising exports of fertilisers to the BRICS countries.

Originally formed by Brazil, Russia, India and China, the BRICS group later added South Africa and has expanded to include other developing nations to increase its influence in global governance.

Rio de Janeiro is hosting a BRICS summit on Sunday and Monday.
Source: Reuters