# India to sign long-term deal for buying key fertilizer input from Mauritania | Today News

> India plans a three-year long-term contract with Mauritania for rock phosphate, following similar deals with Morocco, Jordan, Oman, Russia and Saudi Arabia. The minister says talks with Egypt are also underway. The move follows Ukraine war and Red Sea disruptions that pushed up global phosphate prices, and the budget allocated 1.64 trillion rupees for fertilizer subsidies.

- Date: 2024-02-21 · published 2024-02-21T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/32005-india-to-sign-long-term-deal-for-buying-key-fertilizer-input-from-mauritania
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Diversified long-term sourcing by a major importer supports supply security and may cap price spikes, but India's ongoing buying keeps rock phosphate and DAP demand firm for global markets.

## Read by commodity

- DAP: bullish ▲
- PHOSROCK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2022-11-10 | [India's Demand Supports The Short-term Market Of Phosphate Fertilizer - News - New Agri Technology](https://feedsoft.ai/events/38991-india-s-demand-supports-the-short-term-market-of-phosphate-fertilizer-news-new.md) | +1.5% | -5.3% |
| DAP | 2020-11-24 | [Fertilizer, fuel costs low, but for how long?](https://feedsoft.ai/events/4394-fertilizer-fuel-costs-low-but-for-how-long.md) | +7.1% | +8.1% |
| DAP | 2026-05-07 | [India Gets High Prices for DAP Fertilizer in Latest Tender - Bloomberg](https://feedsoft.ai/events/19575-india-gets-high-prices-for-dap-fertilizer-in-latest-tender-bloomberg.md) | 0.0% | +3.6% |
| DAP | 2023-01-11 | [Export deal with India tipped to boost Morocco's fertiliser industry \| AGBI](https://feedsoft.ai/events/38127-export-deal-with-india-tipped-to-boost-morocco-s-fertiliser-industry-agbi.md) | +1.5% | -1.2% |
| DAP | 2022-05-09 | [Peru Looking To Rescue Agriculture Inputs with Moroccan Fertilizers](https://feedsoft.ai/events/41721-peru-looking-to-rescue-agriculture-inputs-with-moroccan-fertilizers.md) | 0.0% | -12.2% |

## Sources

- livemint.com: https://www.livemint.com/news/india-set-to-sign-fertilizer-import-deal-with-mauritania-11708507232097.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.