Business

On Morocco’s increasing role in global food security

There is no exaggeration in saying that Morocco will play an increasingly important role in the world’s food security as the country sits on the globe’s largest phosphates deposits, key to the fertilizers’ industry.

Modern agriculture has become more than ever dependent on phosphorus derived from phosphate rock, a non-renewable resource.

Morocco as the country with about 75% of world phosphates reserves will thus become at the heart of phosphorus supply.

“Phosphate use has quadrupled in the last 50 years as the global population has grown and the date when it is estimated to run out gets closer with each new analysis of demand, with some scientists projecting that moment could come as soon as a few decades’ time,” said the Guardian in an analytical article.

Phosphates as a mineral is set to become the world’s most valuable mineral in the few decades to come.

The European Commission declared phosphate a “critical raw material” in 2014, i.e. an essential resource with significant risk to supply. Continue reading…

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