OCP, India seal deal for supply of 1.7 million tons of fertilizer over 12 months – The North Africa Post
Morocco’s OCP Group and the Indian government have sealed an agreement on the supply of fertilizers to the Asian country.
OCP announced that it will supply more Indian companies with phosphate fertilizers in a statement released this weekend.
“The objective of this partnership is to carry out joint Research & Development initiatives and to jointly promote innovative fertilization solutions. The purpose is also to offer tailor-made fertilizers that meet the specific needs of Indian farmers, in close collaboration with the stake players of the agricultural ecosystem (public sector, agronomic institutes, agricultural federations, farmers),” the statement said.
In the presence of Shri Rajesh Vaishnaw, Indian Ambassador to Morocco, and Manuskh Mandaviya, Indian Minister of Health, Chemicals and Fertilizers, the memoranda were signed by OCP Group executives and Indian fertilizer manufacturers.
“These agreements provide for up to 700,000 MT of Triple Super Phosphate (TSP), a phosphate-based fertilizer that has the highest phosphate content found in granular nitrogen-free fertilizers and can be scaled as needed by specific plants and soils in India,” the statement said. “Tailor-made fertilizers are known to be better for soil health, reducing waste. The memorandums of understanding also provide for the delivery of 1,000,000 tons of di-ammonium phosphate (DAP) to Indian farmers,” OCP statement said.
During the signing ceremony, Soufiyane El Kassi, CEO of OCP Nutricrops, a subsidiary dedicated to soil and plant fertilization solutions, expressed satisfaction at India’s interest in OCP tailor-made solution (TSP) which significantly contributes to increasing yields, improving farmers’ incomes and accelerating the implementation of sustainable agricultural practices.”
Indian Minister of Health, Chemicals and Fertilizers, Manuskh Mandaviya, had said at the end of December, in a statement announcing his trip to Morocco that the visit would also be an opportunity to discuss possibility for Indian companies to set up factories in Morocco for the production of diammonium phosphate and nitrogen-phosphote-potassium, intended for import.
“Under a joint venture, private and public actors will handle the extraction, production and transportation of fertilizers in India,” the Indian official had said.
India imports 40 percent of the 50,000,000 tons of fertilizer that it needs each year. It has been hit hard by a sharp rise of prices since the Russia-Ukraine War in February. This led to the interruption of Russia’s supplies. China’s trade restrictions have also had an effect.
Source: north africa post