What raw materials is IFFCO seeking through overseas ventures?

IFFCO is looking to secure rock phosphate and phosphoric acid, essential for producing Diammonium Phosphate (DAP).

Which countries is IFFCO targeting for new fertiliser manufacturing facilities?

IFFCO is focusing on setting up joint ventures in Sri Lanka, Jordan, and Senegal.

How will IFFCO's new nano granular NPK fertiliser work?

The nano granular NPK targets plant roots and requires less than 5 kg to achieve the same results as a 50-kg traditional bag.

Home / Business and Economy / IFFCO Eyes Global JV for Raw Materials

IFFCO Eyes Global JV for Raw Materials

10 Dec

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Summary

IFFCO plans joint ventures in Sri Lanka, Jordan, and Senegal.
The company seeks 100% buyback of finished fertiliser products.
Geopolitical issues drive demand for overseas raw material sourcing.

India's largest fertiliser maker, IFFCO, is proactively establishing joint venture manufacturing facilities in countries like Sri Lanka, Jordan, and Senegal. This strategy aims to secure a 100% buyback of finished products, mitigating the increasing scarcity of critical raw materials in a fragmented global market. The company is exploring opportunities for producing diammonium phosphate (DAP) and phosphoric acid in these nations.

These international ventures are driven by the challenge of sourcing high-quality raw materials, which are not produced in India and must be imported. Geopolitical factors have recently led to price hikes and curbs on outbound shipments of rock phosphate and phosphoric acid, escalating production costs for DAP in India. IFFCO's MD, KJ Patel, highlighted this as a more viable option than paying higher prices or incurring greater financial burdens for raw materials.