Jordan- Phosphate, potash companies sign agreements, MoU's in India

(MENAFN- Jordan News Agency) New Delhi, Feb. 28 (Petra)--The Jordan Phosphate Mines Company (JPMC) and the Arab Potash Company (APC) signed agreements and memorandums of understanding with Indian firms to exports their products to the Indian market.

The JPMC signed 6 agreements with Indian companies to export 3 million tons of phosphate to the Indian market this year as well as other quantities for future projects in the next three years bringing the total quantities that will be exported to 10 million tons.

An agreement was also signed with an Indian company to export 250,000 tons of phosphate fertilizers.

The JPMC exports about 60 percent of its production to the Indian market deemed a major market for phosphate ore and fertilizers. These agreements will secure a permanent market for Jordanian phosphate over the next few years and increase production quantities.

On the sidelines of the Jordanian-Indian Business Forum that was held in New Delhi, a Memorandum of Understanding was signed between the APC and Indian Potash Limited, a major buyer of potash in India.

Under the MoU, the APC will provide the Indian company as of this year, with 375,000 metric tons of potash annually for a period of five years.

The APC also signed another MoU with Zuari Agro Chemicals Limited, under which the APC will provide the Indian company with quantities that will be agreed on between the two sides.

The two sides will agree on the prices on an annual basis and the MoU will be valid for 3 years.

28/2/2018 - 08:25:12 PM


Jordan News Agency

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