2014-2015_factbook_2

south america marketsSouth AmericaInvesting in South America provides an opportunity to growwhere agriculture is growing. Our current operations, Profertil,Utilfértil and ASP will allow us to leverage our strengthsas we enter new markets. In 2009, we opened two retailfarm branches in Uruguay. In 2010, ASP acquired 24 retailoutlets and a formulation plant from DuPont in Argentina.In 2012, ASP entered Brazil with the acquisition of UtilfértilIndústria E Comércio De Fertilizantes Ltda. (Utilfértil).ArgentinaArgentina is the second largest producer of crops in SouthAmerica; with approximately 39 million hectares of arableland, its major crops are corn, wheat and soybeans. Nutrientconsumption in 2013 was 650, 550, and 40 thousandmetric tonnes of nitrogen, phosphate and potash, respectively.From 2014 to 2017, Argentina’s compound annualgrowth rate for total nitrogen, phosphate and potash consumptionis projected to be 5 percent. In 2013, crop protectionproduct sales were $1.7 billion and seed sales were$1.7 billion. Agrium established an international presencein 1995 in Argentina operating under the trade name ASP(fully owned by Agrium). In 1998 Agrium established a 50%interest in the Profertil joint venture.BrazilBrazil is one of the largest and fastest growing fertilizerimport markets in the world, with a projected 3 percentcompound annual growth of nutrient consumptionbetween 2014 and 2017. Brazil has the fourth highestconsumption of crop nutrients in the world and is theworld’s third largest import market. Nutrient consumptionin 2013 was 3.6, 4.4 and 4.9 million metric tonnes fornitrogen, phosphate and potash respectively. In 2013, cropprotection product sales were $10 billion and seed saleswere over $3.3 billion. Looking forward, Brazil is one ofthe few countries in the world with a land base that enablescontinued expansion of its cultivated area. Growth inplanted areas and yields are expected to increase Brazil’sagricultural production in the near future and going forward,position the country as the lead exporter of several agriculturalproducts including soybean, corn, beef, sugarcane,oranges, coffee and poultry.agrium south america retailAgroservicios PampeanosASP (Agroservicios Pampeanos) is a fully owned subsidiaryof Agrium with approximately 600 employees servingfarmers through Farm Centers that supply inputs andservices in Argentina, Chile, Uruguay, and Brazil.Products include fertilizers, crop protection chemicals,seeds and agronomic services. ASP entered Uruguayin 2009 and Brazil in 2012 to expand Agrium’s SouthAmerican presence.Source: IFA Fertilizer Consumption 2012/13–2017/18 Country Reports, June 2013.16 Agrium FACT BOOK 2015