🚢 A historic first for Australian phosphate exports!
Centrex Limited (ASX:CXM) is pleased to announce its expansion into India, the world’s largest phosphate import market, with a scheduled shipment of ~25,000t set to load in late September. This shipment marks a major milestone as Australia’s first-ever phosphate export into India, highlighting Centrex’s growing international presence and competitiveness in the global market, driven by Ardmore’s increased production capacity.
India imports 10mt of rock phosphate annually. Centrex’s strategic entry into India benefits from the Australia-India Economic Cooperation and Trade Agreement (ECTA) which enables tariff-free exports. The move also aligns with the Federal Government’s India Economic Strategy, which recognises India’s growing importance as a trading partner for Australia.
This shipment is especially significant as it marks a step towards the realisation of a long-standing dream held by many that the rich phosphate deposits within the Georgina Basin could one day supply the growing agricultural demands of Asia.
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