Indian Farmers Fertiliser Co-operative (IFFCO), on Saturday, said it had inked a long-term agreement with Brazilian mining company Vale SA for supply of rock phosphate, used in manufacturing phosphatic soil nutrients.
“This is a step towards backward integration strategy of IFFCO in order to strengthen its phosphate sourcing for manufacturing of phosphatic fertilisers in India,” IFFCO Managing Director U. S. Awasthi said in a statement. However, the terms of quantity of supplies would be further discussed, he said.
