The fertilizer multinational They nourish is in the process of searching for buyers for its retail operations in Uruguay, Argentina and Chili.
“For Nutrien’s global retail business, we have decided to divest in Argentina, Chile and Uruguay, and focus on our retail business in Brazil and other markets worldwide,” the company announced in a statement.
Nutrien, which has two production plants in the Argentine city of Olavarriaassured that the decision does not respond to a problem of business profitability, but rather to a global strategy to “simplify and focus” its activities in key markets such as Brazil.
Specifically, the fertilizer giant put the retail channels and its retail chains up for sale in Uruguay, Argentina and Chile. In the country, it has agrocenters in ten locations.
“During this negotiation process, the priority of the Nutrien Ag Solutions Latin America South team is to continue providing our clients with the best quality of service and the necessary inputs for their field, fulfilling the commitments with our suppliers and all our audiences,” he said. German GlineurRegional Leader of Nutrien Ag Solutions Argentina, Chile and Uruguay (LAS) to the specialized media Agrofy.
Despite what was communicated by the company, the economic situation in Argentina would have had an impact on the divestment decision. According to its global balance, during 2023 it lost 92 million dollars by having to operate with dollar counted with settlement (CCL) to access the exchange market.
Source: Ambito
