Oslo-Yara International ASA said May 18 that it has agreed to sell its fully owned fertilizer retail business in South Africa to Farmsecure, and its 50 percent ownership in the South African retail company Sidi Parani to its partner, the GWK Co-op. The book value of Yara’s retail activity in South Africa is approximately US$100 million, mainly constituting operating capital. Yara said retail fertilizer marketing is typically combined with trade of other agriculture input and produce, and is not defined as core business for Yara. Yara’s retail activity in South Africa over the last several years has not provided a satisfactory profit. Yara will continue to sell fertilizer delivered to the harbor in South Africa, but will no longer sell it inland. While Farmsecure will be the exclusive distributor for a selected range of Yara fertilizers, Yara will continue to supply urea and traded third-party fertilizers to other selected importers in the region in addition to Farmsecure.
Transparency Across the Fertilizer Value-Chain