Rabat – Argentina’s Santa Fe province aims to develop a win-win cooperation with Morocco in the agriculture and fertilizer industries.
Santa Fe, a province located in northeastern Argentina, is considered one of the most fertile regions in the south American country.
Regional Production Minister Daniel Costamanga expressed the province’s willingness to cooperate with Morocco in terms of fertilizer on the sidelines of a working meeting with Morocco’s ambassador to Argentina Fares Yassir on the sidelines of the Agriculture Fair.
The provincial official said that Santa Fe and Morocco are preparing to work together on a “great challenge in relation to an important investment,” with the aim to help develop the province’s resources and preserve 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.
The group manages Morocco’s phosphate assets as the country holds 75% of the globe’s reserves of phosphate rock. The material is a crucial element used in fertilizer production.
Fertilizers dominated OCPs largest share of sales representing 65% of total sales by the end of September 2022.
High-demand markets included countries from South America, Asia, and Africa, which accounted for 87% of the group’s export volume over the 2022 period.
The group’s revenues reached over $11 billion last year, representing a 36% year-on-year increase.
