Ma'aden renews deal to supply 600,000 tons of fertilizers to Bangladesh

Saudi Arabian Mining Co. (Maaden) renewed its agreement with Bangladesh Agricultural Development Corp. to supply 600,000 tons of fertilizers, Saudi Press Agency reported.

The company pointed out that this partnership has continued for several years, confirming Maaden’s commitment to meet the needs of global markets for phosphate fertilizers, as it covers about 42% of the estimated needs of Bangladesh for diphosphate fertilizers.

It stated that it has boosted its production of sustainable phosphate fertilizers over the past years, as it plans to increase its production of phosphate fertilizers by 50% to reach 9 million tons annually as part of Phosphate 3 project.