Indian company Paradeep Phosphates Ltd (PPL) has secured a major long-term supply agreement with Morocco’s OCP, locking in 1.6 million tonnes of rock phosphate, according to Indian media outlet Business Standard.
“OCP in Morocco primarily controls over 70 per cent of the known rock reserves in the world. So they are a solid partner for us, both on an equity end and also as a strategic partner for our manufacturing,” explained PPL Managing Director and CEO Suresh Krishnan.
This is part of the Indian company’s plan to increase its market share from 12% to 25% by expanding its production capacity from 2.6 million tonnes to 3.7 million tonnes by 2026.
This expansion, the same source added, “comes as India grapples with supply chain challenges in phosphatic fertilisers.”
Domestic manufacturing capacity stands at 14 million tonnes against a total demand of 20 million tonnes, requiring imports of 6-7 million tonnes annually.
Krishnan highlighted that China’s reduced exports have further tightened supply, but Morocco and Saudi Arabia have increased their shipments to fill the gap.
Paradeep Phosphates’ expansion plan focuses on acquiring Mangalore Chemicals & Fertilizers Ltd (MCFL), expected to be completed in the third quarter of this financial year.
The acquisition will add 700,000 tonnes of capacity and allow the company to build a new 600,000-tonne phosphatic fertiliser plant in Mangalore.
In 2023, Morocco agreed to supply India with 1.7 million metric tonnes of phosphate fertilisers to strengthen food security and promote innovative, sustainable agriculture.
In July 2025, OCP Nutricrops announced the start of a strategic research collaboration with the Indian Council for Research on International Economic Relations (ICRIER) to advance customized and sustainable fertilisation practices in India.
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