OCP Group to supply India with 1.7 million tonnes of fertilizer in twelve months

MOROCCO – OCP Group, a Moroccan state-owned fertilizer producer, will supply India with 1.7 million metric tonnes of phosphate-based fertilizer over the coming 12 months after the second most populous country worldwide entered a strategic partnership with the group.

Under the deal to strengthen food security and confirm their common ambition for innovative and sustainable agriculture, the parties will carry out joint Research & Development initiatives to jointly promote innovative fertilization solutions.

In addition, OCP will offer tailor-made fertilizers that meet the specific needs of Indian farmers, in close collaboration with the Indian agricultural ecosystem, which includes the public sector, agronomic institutes, agricultural federations, farmers, etc.

At the same time, the fertilizer manufacturer signed Memoranda of Understanding (MoU) with India’s largest public and private sector fertilizer producers, which allows OCP to supply India with up to 700,000 MT of Triple Super Phosphate (TSP), a phosphate-based fertilizer that has the highest phosphate content found in nitrogen-free granular fertilizers.

The fertilizer will be tailored to meet the specific needs of plants and soils in India. Customized fertilizers are known to be better for soil health, thus reducing waste.

The MoU also encompasses the delivery of 1,000,000 tons of diammonium phosphate (DAP) to Indian farmers.

Through its agreement with Morocco, India wants to secure a long-term supply of rock phosphate, which is a necessary raw material for making diammonium phosphate (DAP) and nitrogen, phosphorus, and potassium (NPK).

With the deal, OCP and India have “entered into a strategic partnership to enhance food security, underlining their common ambition to benefit innovative and sustainable agriculture,” the statement to media houses read.

According to several market analysts, India is turning to Morocco to secure fertilizers after China suspended the export of ammonium phosphate, a key component in the manufacturing of fertilizer to supplement and assure supplies in its domestic market.

Morocco’s OCP has been a reliable source of fertilizer for the majority of countries worldwide since the start of the Ukraine war which caused a significant surge in fertilizer prices. Russia has been a key supplier of ammonia and gas–two crucial ingredients in fertilizer.

OCP moved swiftly to fill the market vacuum left by Russia and many other companies that were forced to close down operations due to the rising production price by turning to the US to secure ammonia and even boosted fertilizer production at the height of the global fertilizer crisis.

Recently, the group averred its new green investment program that will run from 2023 to 2027 and is worth US$13 billion.

The investment will help end the group’s dependence on ammonia imports and enable investment in the chain of renewable energies, green hydrogen, and green ammonia.

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