Loading…
OCP Group plans a $1.3 billion chemical plant in southeastern Nigeria, due in 2023, to produce 750,000 tonnes of ammonia and 1 million tonnes of mineral fertilizers per year. The company also aims to raise its Nigerian fertilizer supply from 1 to 3 million tonnes over five years.
This is a long-dated capacity project with no near-term effect on supply, so it has little immediate price impact on phosphate or ammonia markets.
fertilizerdaily.comElena ShalashnikJan 29, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
