Peru farmers asked authorities to renegotiate the Bayovar phosphate deposit contract to produce fertilizers in the country amid an acute shortage and higher prices, Climaco Cardenas, President of Agriculture Association Conveagro, told Bloomberg in an interview.
Bayovar mine’s concessionaire is Miski Mayo, controlled by The Mosaic Co. “They pay $2.90 for one ton of phosphate rock, and we pay $900 per ton of fertilizer,” said Cardenas, who said Conveagro has sent documents to the government asking to renegotiate the contract and has held meetings with lawmakers.