The African Development Bank plans to provide about 500,000 tonnes of fertilizer to West Africa by the end of August as an emergency stopgap to avert a food crisis, a source with direct knowledge of the matter said. the question.
The move is part of the bank’s announced allocation of $1.5 billion to shore up the continent’s food production amid disruptions from the Russian-Ukrainian war and to help with fertilizers as prices soar. , which can significantly reduce crop yields. The bank said there was a fertilizer supply shortfall of 2 million tonnes across the continent.
The bank said it had met with managing directors of major fertilizer companies in Africa and abroad to discuss fertilizer affordability, without confirming the volume sought. “We are also talking with partners and farmers. Fertilizer requirements are double at the moment, half the fertilizer in May and June for certain planting seasons, depending on location on the continent. The second half, called top dressing, is needed a month or two later,” the bank said in a statement to Reuters, adding that a country must apply to participate.
The source told a meeting in mid-May that it was agreed that the emergency volume could come from Nigeria, supplying 300,000 tonnes of urea, and Morocco, supplying 200,000 tonnes of phosphates and mixed fertilizers. Morocco’s OCP and Nigeria’s Indorama attended the meeting but did not respond to requests for comment. Nigeria’s Dangote confirmed the attendance of the fertilizer CEO but did not disclose details on the emergency volume.
Given the short timeframe to arrange funding and logistics, the source said the countries most in need – Ghana, Mali and Burkina Faso – may not receive enough fertilizer in time. Nigeria faced a potential potash shortage earlier this year after financial sanctions against Russia rattled banks and Uralkali was unable to deliver fertilizer on time. Nigeria has finally found other Canadian sources of supply and Russia will continue to deliver certain volumes.
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