Morocco is projected to become the major player in securing the world’s food security as well as combating starvation globally because of the continuous growing of food demand and population increase.
A new BBC series entitled “Elementary Business” said that “Morocco has a stranglehold on the world’s phosphorous market.” “This is bigger than OPEC”.
The largest deposits of phosphate are located in Morocco, with a production capacity estimated to 19 million tons per year.
Phosphorous is used to make fertilizers which are essential component of modern farming. The increase in the price of phosphorous would lead to higher food prices. “And while phosphorous is everywhere, almost all the mineable phosphorous is in…Morocco,” the release said.
Earlier, a research conducted by the Arizona State University highlighted phosphorus “a dwindling nutrient essential for food growth”. Entitled “Secure Food and Water Supply Depend on Phosphorus”, the research linked food security with the availability of phosphorus which is an element found in phosphate.
The Cherifien Office of Phosphates (Office Cherifian des Phosphates, OCP), which was founded in August 7, 1920 in Morocco and transformed into a joint-stock company (OCP) in 2008, is the world’s largest exporter of raw phosphate, phosphoric acid and phosphate fertilizers.