Sunday 12 May 2024
Last update on Sunday, May 12, 2024 At 7:00 AM
In North Africa, Morocco, Algeria and Egypt dominate the supply of phosphate. Behind this trio, Tunisia is trying as best it can to revive its sector, which is essential for supplying raw materials to the fertiliser industry.
On 29 April, the Groupe Chimique Tunisien (GCT) signed an annual contract and a memorandum of understanding with the Bangladesh Agricultural Development Corporation (BADC) for the export of 150,000 tonnes of fertiliser in 2024.
This agreement should enable the South Asian country to be supplied with triple superphosphate (TSP). GCT had already delivered the same quantity of fertiliser to Bangladesh in 2023 under a contract signed in February of that year.
With this new agreement, the Jasmine country should supply more than 20% of Bangladesh’s TSP requirements, which average 700,000 tonnes a year. In this segment, which accounts for 15% of demand in the Bangladeshi fertilizer market, Tunisia should gain a firmer foothold over other suppliers such as Saudi Arabia, Morocco and China.
As a reminder, the GCT mainly obtains its phosphate supplies from the Compagnie des Phosphates de Gafsa (CPG), as does the Société tuniso-indienne d’engrais (TIFERT).
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