India is on track to hit a historic high in fertilizer imports, with projections showing the annual bill could reach $18 billion by March—an astonishing 76% jump from the previous fiscal year. This would surpass even the spike triggered by the global market upheaval following the war in Ukraine, making it the country’s largest fertilizer import volume ever recorded.
Fueling this surge is a sharp rise in domestic fertilizer consumption, driven by two consecutive years of excellent monsoon seasons. Favorable weather conditions have encouraged Indian farmers to expand cultivation, especially in key sectors like cereal grains and cash crops. As a result, imports of key fertilizers such as urea and diammonium phosphate (DAP) have risen significantly to meet demand.
For Morocco, this spike in Indian demand offers a timely and strategic opportunity. The Kingdom ranks among India’s leading fertilizer suppliers, alongside global players like Russia, China, Oman, and Saudi Arabia. In this highly competitive global market, Morocco’s state-owned OCP Group—one of the world’s largest phosphate producers—continues to solidify its key position.
OCP has long considered India a priority partner, and this latest growth in demand only strengthens that relationship. With New Delhi’s increasing appetite for DAP and rising urea use, Morocco is well-positioned to expand its exports to one of the world’s most crucial agricultural economies.
But beyond the immediate market dynamics, this trend reflects something deeper: a long-term economic partnership built on reliability and shared interests. As India continues to depend heavily on imports to support its vast agricultural needs, Morocco has emerged as a dependable and strategic supplier. This relationship is likely to deepen even further as India looks to secure its supply chains amid ongoing global uncertainty and geopolitical shifts.
