Morocco controls around 70 percent of the world’s phosphate, a vital ingredient in the miracle fertilizers that have made modern agriculture possible. Those reserves are managed by state-owned OCP Group, where Ghita Laraki is busy building relationships with ratings agencies and bondholders at the 100-year-old company.
Phosphate is the natural source of phosphorous, an element that provides a quarter of all the nutrients that plants need for their growth and development. Phosphorous – first ‘discovered’ by westerners as a fertilizer in the guano accumulated on the Chincha Islands of Peru – is an essential ingredient in mass agriculture . . .
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