AU fertiliser summit backed by Bill Gates Foundation
To address the severe impact of rising food prices in several African countries, the AU is organising the African Union Fertilizer and Soil Health Summit from 23 to 30 June in Dakar.
Faced with supply difficulties linked to Russia's war on Ukraine, the Australian fertiliser producer Incitec Pivot has restarted its imports of phosphates from the Boucraa mine in the Sahara, operated by OCP. It had stopped sourcing there in 2016, after protest from Scandinavian shareholders.
In light of Western measures against their shareholders, the fertiliser producers PhosAgro, Uralchem and Eurochem will drastically cut their exports to Africa, a market they had turned to with relative success after the loss of their Ukrainian clients in 2014.
Moroccan fertiliser giant OCP, which is facing competition in its African "home" market and regulatory problems in Europe, is expanding its management team in the United States in a bid to find new outlets and increase its sales in both the US and Canada.