Classified under HS code 310559, the new formulation aims to balance agronomic performance with cost efficiency amid volatile global fertilizer markets.
On the industrial front, the OCP Group continued to expand its fertilizer production capacity with the completion of new projects.
This is part of the Indian company’s plan to increase its fertilizer market share from 12% to 25% by 2026.
TSP is especially valuable for nutrient-deficient soils and precision agriculture.
The deal, arranged by BNP Paribas and Crédit Agricole Corporate and Investment Bank (CIB), will fund key components of OCP’s US$13 billion Green Investment Program running through 2027