Misr Fertilizers Production Company (MOPCO) signed a long-term agreement to supply urea. The recipient is a major European agricultural distributor.
The contract is valued at approximately $150 million annually. It commences in the first quarter of 2027. The agreement will run for three years.
MOPCO expects the deal to diversify its export markets. It also secures a stable revenue stream for the company.
The agreement leverages MOPCO's recent plant efficiency upgrades. These upgrades enable the company to meet stringent European market quality standards.
MOPCO views the agreement as a strategic win. It helps mitigate risks from regional market volatility. The deal also strengthens MOPCO's position as a key fertilizer exporter in the MENA region.