The South East European Fertilizer Company (Seefco), a Romanian distribution joint-venture between Morocco's OCP and UAE's Al Dahra, has launched, issuing its first offers to the market.
Seefco has issued a list price for Moroccan DAP at $990/t bagged fca Constantza, with Moroccan NPK 14-28-14+5.5S at $860/t bagged fca.
There was no comment from Seefco or its joint-venture partners. Seefco was set up in equal partnership between OCP and Al Dahra.
Seefco's launch had been repeatedly delayed, with the ramp-up previously earmarked at one point for the second quarter of 2020.
Al Dahra is an agribusiness conglomerate, operating across more than 20 countries. It has bolstered its holdings in Romania in recent years, acquiring major domestic player Agricost in 2018.
Al Dahra operates around 60,000 hectares of farmland in Romania and the firm is increasing its presence in the wider Balkan agricultural market. Al Dahra announced in October that it has opened five new plants for the compression and drying of animal feed in Serbia, Romania and Bulgaria.
Al Dahra's managing director Khadim Abdulla Aldarei said that, following the expansion, the firm is now the biggest producer and exporter of clover and green feed in eastern Europe and the Balkans.
OCP is the world's largest exporter of phosphates, with a current annual production capacity of around 11-12mn t/yr of finished fertilizers from its Jorf Lasfar hub. Moroccan DAP dominates the Romanian market, typically accounting for 40-45pc of annual imports.
