Also, our fertilizer portfolio is changing dramatically. While collectively our retail fertilizer business in Brazil, our fertilizer operations in Argentina and the United States and our joint venture in Morocco will continue to make a meaningful contribution to our bottom-line results, we will no longer own and operate nutrients assets, including mines, in Brazil. This shift comes as a result of our decision, one of the most significant we have made in recent years, to sell these assets to Vale S.A.
First, we are receiving a very attractive price that enables us to realize the full value of our nutrients assets.
Second, changes in the fertilizer industry made us think twice about committing the large amounts of capital that would be required to grow this part of the business. Significant low-cost phosphate production capacity, much of it government-backed, is expected to come online in the next few years, and a stronger local currency in Brazil continues to act as a cost headwind. The industry is also in a period of consolidation. Large mining companies are moving quickly in the global market and diversifying their portfolios. We are pleased that the operations, and the dedicated employees who have made it a success, will join Vale and continue to make a strong contribution to Brazil.
Third, and most important to Bunge's future, this transaction will enable us to redeploy capital into other areas of our business. Quite simply, we can do more of what we do best in Agribusiness and Food & Ingredients, where we are, or can be, a global leader. Selling these assets also gives us the financial flexibility to enter new value chains, including Sugar & Bioenergy and other commodity products, in which we can leverage our logistics, commercial and risk management capabilities to build profitable businesses.