Azoty, OCP Ink Three-Year Phos Rock Deal
Poland’s Grupa Azoty Zakƚady Chemiczne ‘Police,’ a Grupa Azoty subsidiary, and Morocco’s OCP SA have signed a new contract for the supply of phosphate rock to be imported over the next three years, according to a statement on Grupa Azoty’s website.
Grupa Azoty said the volume and price for the raw material have been agreed for the first year of the contract, but it did not disclose further details. But it put the value of the entire contract based on this year’s conditions at an estimated PLN350 million ($103 million).
The last contract between the two parties for the supply of phosphate rock, signed nearly a year ago, expired at the end of 2017 and had a value of over PLN130 million.