Moneycontrol PRO
HomeNewsBusinessEconomyMorocco plans to sell India 1.7 million tonnes of fertilisers in 2023

Morocco plans to sell India 1.7 million tonnes of fertilisers in 2023

The supply agreements were signed during a visit by Indian health, chemicals and fertilisers minister Mansukh Mandaviya to Rabat.

January 23, 2023 / 06:19 IST
Fertiliser

Moroccan phosphates and fertilisers producer OCP said 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.

Reuters
first published: Jan 23, 2023 06:19 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347