Earnings Release 1Q24
ADECOAGRO S.A. (NYSE:AGRO) announces its 1Q24 Earnings Schedule. Earnings Release Date: May 16, 2024 Time: After trading hours
Our fertilizer plant has the capacity to produce up to 1.3 million tons of urea and 790 thousand tons of ammonia per year, and a storage capacity of 150 thousand tons of urea.
Since natural gas represents a significant portion of the production cost of urea, our plant secures its supply through medium-term contracts with leading Oil & Gas producers in the country. This, in turn, positions us among the lowest cost producers of urea in the world by leveraging on Argentina’s growing natural gas production.
Our assets are strategically located, enabling us to efficiently serve the different markets. At present, our urea is sold locally, since Argentina —and South America as a whole— are net importers of nitrogen fertilizers. As a result, we supply about 60% of Argentina’s urea needs. In addition, the plant’s proximity to the port of Bahía Blanca provides valuable export optionality for both urea and ammonia.
