JPMC to supply India's Teesta Agro with 2m tonnes of phosphate

AMMAN — The Jordan Phosphate Mines Company (JPMC) and India's Teesta Agro Industries Limited opened talks to supply the Indian firm with two million tonnes of phosphate at global rates, the Jordan News Agency, Petra, reported.

The two companies, which signed a memorandum of understanding on March 21, have also discussed building a phosphoric acid factory expected to cost $400 million.

The JPMC has become a destination for many countries to buy phosphate and a significant exporter of high-quality phosphate fertilisers and phosphoric acid, according to Petra.

The partnership will boost JPMC's competitiveness in the global phosphate market and enhance its exporting capacity and sales, thus positively reflecting on its finances and ability to attract more partners, officials said.