Argentina Seeking ‘Win-Win’ Cooperation with Morocco in the Fertilizer Industry
The Santa Fe region of Argentina wants to create a beneficial partnership with Morocco in the fertilizer and agriculture sectors.
One of the most productive areas in Argentina is the province of Santa Fe, which is found in the country’s northeast.
At a working discussion with the Moroccan ambassador to Argentina, Fares Yassir, on the sidelines of the Agricultural Fair, Regional Production Minister Daniel Costamanga highlighted the province’s willingness to collaborate with Morocco in terms of fertilizer.
Santa Fe and Morocco are getting ready to collaborate on a “big challenge in regard to an important investment,” according to the provincial official, with the goal of assisting in the development of the province’s resources and the preservation of its agricultural land.
Acknowledging Morocco’s leadership in the fertilizer domain, Costamanga stressed that cooperation with Morocco is an opportunity to boost the region’s growth.
“We are going to put all of our energy and all the potential of our policy of stimulating agro-industrial production in the province of Santa Fe into it so that our relations with Morocco develop beyond this investment and so that they are sustainable and beneficial for Morocco, for the province of Santa Fe and for the thousands of farmers who integrate the agricultural complex” of the region, he said.
Through its OCP Group, Morocco continues to boost its leadership in the fertilizer market. OCP Group has frequently emphasized its determination to continue helping countries and partners develop their agricultural yields through fertilizer.
Since Morocco is home to 75% of the world’s phosphate rock reserves, the company oversees Morocco’s phosphate holdings. The substance is a vital component used in the manufacture of fertilizer.
At the end of September 2022, OCP’s main segment of sales—representing 65% of all sales—was dominated by fertilizers.
South American, Asian, and African nations had high demand, and these regions accounted for 87% of the group’s export volume between 2018 and 2022.
Last year, the group’s revenues exceeded $11 billion, an increase of 36% from the previous year.
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