01-01-1970 12:00 AM | Source: Reuters
Morocco plans to sell India 1.7 million tonnes of fertilisers in 2023
Moroccan phosphates and fertilisers producer OCP said on Sunday it plans to supply India with 1.7 million tonnes of phosphate-based fertilisers in 2023.
The supply agreements were signed during a visit by Indian health, chemicals and fertilisers minister Mansukh Mandaviya to Rabat.
Under the deals, Morocco's OCP will supply India with 700,000 tonnes of a nitrogen-free fertiliser known as triple super phosphate (TSP), in addition to 1 million tonnes of diammonium phosphate (DAP).
Morocco, which has the world's largest phosphates reserves, reported a 54.8% rise in exports of the mineral and its derivatives - including fertilisers - to 108 billion dirhams ($10.6 billion) in the first 11 months of 2022.
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