JPMC signs agreement to sell 2.6 tons of phosphate to India's IFFCO

[10-03-2021 02:05 PM]

Ammon News - The Jordan Phosphate Mines Company (JPMC) and the Indian Farmers Fertiliser Cooperative Limited (IFFCO) signed an agreement to sell 2.6 tons of phosphate for a year, as of April 1 until the end of March 2022.

The new agreement constitutes a culmination of the relationship between the two sides, since the beginning of this year, under which IFFCO total imports of phosphate from Jordan will reach 2.6 million tons by the end of March 2022, according to JPMC CEO, Abdel Wahab Alrowwad.

Alrowwad said this volume of the company's sales to the Indian side, according to international prices, will have a positive and significant impact on the financial position of the JPMC.

The IFFCO Group is the largest consumer of phosphates outside Jordan, and one of the strategic partners of the JPMC.

JPMC exports to India account for 65 percent of the total export volume of phosphate ore of various kinds.

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