Overall exports from the country saw a growth rate of 1.2% in January compared to a year ago, the Department of Statistics said.
Browsing: phosphate
The Egyptian company will invest some USD 8 million to step up its production capacity and meet the growing demand for fertilizers from both the domestic and international markets.
The Jordan Phosphate Mines Company (JPMC) has plans for a joint plant with Brazil to produce fertilizers. The subject was discussed with the Brazilian Minister of Agriculture, Marcos Montes, in Amman this Sunday (8).
The Brazilian branch of the US-based company expects to import 100,000 tonnes of phosphate from Saudi Arabia this year. The company also buys lesser amounts of sulfur and monoammonium phosphate from the UAE.
With a low supply of fertilizers from Russia and Belarus, Arab countries can be an alternative for some products, such as nitrogen and phosphate. The bloc, however, does not have a substantial potassium production.
The phosphate manufacturer has had operations in Brazil since 2010, and new storage facilities are expected next year, local CEO Olavio Takenaka said.
Gross Domestic Product (GDP) was fueled by industries including fertilizers, financial services, hotels and agriculture.
Current head of the Brazilian diplomatic representation to Bogotá, Colombia, Julio Bitelli was nominated to the embassy in Rabat. At the Arab Brazilian Chamber, he said that diversifying exports and signing the agreement with Mercosur will be his priorities.
The fertilizer manufacturer saw revenue climb 20% in Q1, with results driven by markets including Brazil.
Compagnie des Phosphates de Gafsa is working to increase sales by 55% this year, to 4.5 million tons. Protests got in the way of production, but output is on its way up now.
