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Iran to produce phosphate fertilizer

Business Materials 28 September 2020 09:29 (UTC +04:00)
Iran to produce phosphate fertilizer

TEHRAN, Iran, Sep. 28

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The CEO of Iran`s Agricultural Support Services Company (ASSC) announced the country's annual need for phosphate fertilizer of 600,000 tons.

"The first shipment of phosphate soil for the production of simple superphosphate fertilizer within the framework of the agreements between Agricultural Support Services Company and eight domestic companies has been delivered recently,” the Chief Executive of Agricultural Support Services Company (ASSC) Hamid Rasouli said, Trend reports citing IRNA.

"The production of simple superphosphate fertilizer will begin soon,” he added.

He said that “Due to the high level of the country's need for phosphate fertilizers, the supply of phosphate soil from domestic and foreign sources is on the agenda.”

“With the delivery of phosphate soil to production companies, 150,000 to 200,000 tons of this type of fertilizer will be distributed by the end of the current Iranian year (end on March 21, 2021),” he noted.

Earlier, the Iranian media reported the conclusion of a quadripartite contract, according to which, Sanat-Maadan Bank, a group of domestic producers and Agricultural Support Services Company is obliged to supply 500,000 tons of phosphate soil from domestic sources and deliver it to domestic producers of phosphate fertilizers.

Since the end of June, several measures have been taken for the self-sufficiency of various fertilizers, IRNA reported.

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