Nutrien Ltd., Saskatoon, has confirmed that it is moving forward with plans to build greenfield retail outlets in Brazil. The company told Green Markets last week that it has three greenfields in the early stages – ground preparation and permitting for construction. The company also has two more on the drawing board ready to submit for approval.
While Nutrien did not identify the locations for these greenfields, it has said in the past that southern Brazil, with its large number of small farmers, is an ideal location for Nutrien’s North American retail model.
Nutrien told analysts earlier this month (GM Aug. 10, p. 25) that it plans to spend up to $2 billion in Brazil over the next five years to establish a retail business. Its ultimate goal is to develop a retail presence second only in size to its existing North American retail segment.