Dangote’s urea fertilizer exports for Brazil, U.S., Mexico, India

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PM News

The 3-million-tonne urea fertilizer plant built by Nigerian billionaire Aliko Dangote at a cost of $2.5 billion opened on Tuesday in Lagos. It will target African and foreign markets. The factory comes as the war in Ukraine has driven up prices for natural gas, a key ingredient for making urea. Dangote said exports from the plant will go to Brazil, which relies heavily on Russia for imports of fertilizer. Shipments will also go to the United States, India and Mexico, he said at the launch. Fertilizer prices have been rising at a time when planting usually picks up around the world, especially …

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