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Indian Fertiliser Companies signed MoUs with Morocco company to import of Soil Nutrients

Published on February 07, 2023

Current context: Four Indian fertiliser companies, National Fertilizers Limited, Chambal Fertilizers and Chemicals, Rashtriya Chemicals and Fertilizers, and Paradeep Phosphates, have signed a Memorandum of Understanding (MoU) with Moroccan state-owned fertiliser producer OCP Group.

Indian Fertiliser Companies signed MoUs with Morocco company to import of Soil Nutrients

  • The MoU involves the import of 1.75 million metric tonnes of phosphorus and potassium fertilizers annually.
  • The imported fertilizers will include 1 million tonnes of diammonium phosphate, 0.7 million tonnes of triple superphosphate, and 0.05 million tonnes of muriate of potash.
  • India is also negotiating with countries such as Canada, Russia, and Saudi Arabia to import non-urea fertilisers, with India importing about half of its diammonium phosphate needs from these countries.
  • According to the Minister of Chemicals and Fertilizers, India is expected to become a global market price-setter for fertilisers in the next two years.
  • This MoU is one of several signed by Indian fertiliser companies in recent months, including deals with Canpotex and K Plus S Middle East for importing potash and muriate of potash, respectively. India also signed a pact with Saudi Arabia for an annual supply of 2.5 million tonnes of ammonia and NPK fertilisers in 2022.
  • An official trilateral cooperation programme has been established by India, France, and the United Arab Emirates (UAE) for initiatives in solar and nuclear energy, the fight against climate change, and the collaborative manufacturing of military gear.

Question: 

Q.1 What is the MoU signed between four Indian fertiliser companies and OCP Group about?

a. The annual supply of 1.75 million metric tonnes of phosphorus and potassium fertilisers to India

b. The import of 1 MT of diammonium phosphate to India

c. The negotiation with nations like Senegal, Jordan, and Israel to acquire supplies of non-urea fertilisers

d. All of the above

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