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Three Indian Firms Sign Long-Term DAP Fertilizer Supply Pact with Saudi's Ma’aden
INDIA, JUL 13 – India secures a five-year supply of 3.1 million tonnes of diammonium phosphate fertilizer annually from Saudi Arabia to address shortages and support agricultural sustainability.
- On Saturday, JP Nadda visited Maaden’s phosphate production plant at Ras Al Khair, emphasizing India’s fertilizer supply interests.
- Earlier this year, BusinessLine reported a 4.8 mt shortfall in DAP supply led to pressures on supply, as the gap was estimated at 4.8 mt .
- The Indian government announced long-term supply pacts with Maaden, while three Indian fertilizer companies signed five-year agreements for 3.1 million MT of Diammonium Phosphate annually from 2025-26, with an option to extend by five years.
- Both sides discussed facilitating mutual investments, with opportunities for Indian PSUs in Saudi Arabia and reciprocal Saudi investments in India explored.
- Future cooperation aims to expand to urea and other fertilisers, including plans to establish a joint team led by Indian and Saudi officials, both sides said.
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Total News Sources12
Leaning Left2Leaning Right2Center1Last UpdatedBias Distribution40% Left, 40% Right
Bias Distribution
- 40% of the sources lean Left, 40% of the sources lean Right
40% Right
L 40%
C 20%
R 40%
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