Nutrien Ltd. is halting three blending facilities in Brazil indefinitely, according to Bloomberg, citing a statement from the company. Two of the plants are in Goias state, and the other is a new blender in Minas Gerais. The Minas Gerais plant was expected to start operations in June, a Nutrien spokesperson said.
Nutrien said it is prioritizing operational efficiency and profitability and can resume operations in the future when market conditions are more stable. The company will rely on partners and on its two other blending facilities in Brazil, in Minas Gerais and São Paulo states, to continue supplying fertilizers to local customers.
Nutrien announced late last year that it was pausing investments in Brazil until there is greater stabilization of the market (GM Nov. 3, 2023). The company also recently revealed that it plans to sell its retail operations in Argentina, Chile, and Uruguay (GM April 19, p. 1).