In the latest Nutrien fertilizer industry news, Nutrien Ltd (NTR.TO), the world’s largest potash producer, announced plans to sell its 50% stake in Argentina’s nitrogen fertilizer producer Profertil for $600 million. This strategic decision marks a shift from South America, as Nutrien focuses on strengthening its core markets.
Adecoagro (AGRO.N) and Asociacion de Cooperativas Argentinas (ACA) will jointly acquire the stake, in an 80%-20% partnership. YPF (YPFDm.BA) holds the remaining 50% of Profertil and now has 90 days to exercise its right of first refusal.
Nutrien aims to streamline global operations and focus investments on regions with higher growth potential. The company expects this sale to strengthen its fertilizer business and optimize its global footprint.
This development reflects a broader trend in the global fertilizer sector. Many companies are realigning their portfolios to focus on sustainable growth and operational efficiency.
By selling its stake, Nutrien helps local agribusiness in Argentina expand nitrogen fertilizer production. This move will reduce Argentina’s reliance on imported fertilizers.
Additionally, local players can now boost production capacity. They will also develop tailored solutions such as specialty fertilizers for crop-specific needs.
This important Nutrien fertilizer industry news highlights the company’s commitment to sustainable and efficient agriculture solutions. It reinforces Nutrien’s strategy to support local supply chains while focusing on its strengths.
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