<p>Fertiliser cooperative major IFFCO on Saturday said it has inked a long-term agreement with a Brazilian mining company Vale SA for supply of rock phosphate, used in manufacturing phosphatic soil nutrients.<br /><br /></p>.<p>“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.<br /><br />As per the agreement, rock phosphate will be supplied from the Bayovar mines located in the Piura province of Peru. However, the terms of quantity of supplies will be further discussed, he said.</p>
<p>Fertiliser cooperative major IFFCO on Saturday said it has inked a long-term agreement with a Brazilian mining company Vale SA for supply of rock phosphate, used in manufacturing phosphatic soil nutrients.<br /><br /></p>.<p>“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.<br /><br />As per the agreement, rock phosphate will be supplied from the Bayovar mines located in the Piura province of Peru. However, the terms of quantity of supplies will be further discussed, he said.</p>