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Big in Brazil

Oslo, February 11, 2015
Brazil is a leading food producer and the fastest growing fertilizer market in the world. It is also Yara’s single largest market – we provide farmers with 8 million tons of fertilizer a year!

 

Brazil is a leading food producer and the fastest growing fertilizer market in the world. It is also Yara’s single largest market – we provide farmers with 8 million tons of fertilizer a year!

Since the 1990s, Yara has gradually increased its presence in Brazil through a series of acquisitions, most recently that of Bunge’s fertilizer business and phosphate producer Galvani. It has always been Yara’s strategic ambition to become the market leader in Brazil – the world’s fifth most populated country with 200 million inhabitants. We can proudly say that we are now the largest fertilizer producer for the Brazilian agriculture.

About one third of all Yara employees - more than 3,000 – are now based in Brazil, which accounts for more than a quarter of Yara’s mineral fertilizer sales.  And we won’t stop there!


Growth opportunities


CEO Torgeir Kvidal
CEO Torgeir Kvidal presenting the Q4 results

Yara sees considerable growth opportunities in Brazil and we are determined to further develop this vital market. Brazil is what makes Yara truly international!

Operations in Brazil made a strong contribution to Yara’s fourth-quarter 2014 results, published on 11 February. Net income after non-controlling interests increased to NOK1.86 billion (USD 245 million) in Q4 2014, up from NOK63 million in Q4, 2013, driven by strong global nitrogen demand, lower energy costs,  a strong dollar and operations in Brazil.

“Over the last 35 years there has been an average growth of fertilizer demand in Brazil of close to 6 %,” Yara’s President and CEO, Torgeir Kvidal, told analysts during the fourth-quarter presentation.  “We foresee that demand for fertilizer in Brazil will continue to grow strongly through a sustainable intensification of agriculture. Going forward, Brazil will have roughly the sales volume as Europe has today.

“If you use US standards for fertilizer application you could increase fertilizer use in Brazil by an additional 40% on arable land. This is one of the reasons we are in Brazil and have wanted to expand our exposure to Brazil,” Kvidal said.

Find more information about Yara’s fourth quarter results in the right hand menu.

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