Fertilizer is a strategic part of our business, and serves as a complement to our agribusiness operations. Bunge sells crop fertilizers to farmers in South America. Bunge sells blended NPK (nitrogen, phosphate and potassium) fertilizer formulas, mixed nutrients and liquid fertilizer products to farmers and distributors in South America. In Brazil, we operate a port terminal, and through a long-term supply agreement with Yara, supply fertilizer to farmers as part of our grain origination activities. In Argentina, we have phosphate and nitrogen production, as well as blending and distribution operations.