Fertiliser multinationals, private equity firms and trading companies have acquired more than 50 local dealers of chemicals worth over $1bn in the past four years
A huge consolidation of mom-and-pop shops selling farm chemicals is under way in Brazil, a move that has the potential to smooth out a turbulent part of the food supply chain.
The consolidation could ultimately make it easier for farmers to get the critical chemicals, with bigger players offering streamlined websites that can do everything from rapidly provide quotes and schedule deliveries. The acquisition spree comes as worries about disruptions to fertiliser supplies due to the Ukraine war sent prices for fertiliser to records earlier this year.
Altogether, dealerships owned by private equity or multinational companies should see more than 40-billion reais in sales in 2022 in 700 retail stores, according to a study made by Brazil-based ZMP Consulting. The buyers include Canada’s Nutrien , Syngenta, Lavoro, Acqua Capital and AgroGalaxy.
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