OCP and the Government of Guinea sign phosphate MoU

This Memorandum of Understanding aims to strengthen the strategic partnership between OCP Group and Guinea for the acceleration of agricultural development in the Republic of Guinea, through the encouragement of rational fertilization of agricultural land and the strengthening of technical cooperation.

OCP’s objective is to enable the Government of Guinea to supply the Republic of Guinea with all of its fertilizer needs, estimated at 100 000 t for the year 2017. As a first step, the Group also commits to offering a first-rate promotional deal, including a gift of 20 000 metric t of phosphate fertilizers adapted to the needs of local soils and crops.

In the spirit of excellence of the South-South partnership, the Memorandum of Understanding is a logical continuation of the collaboration initiated in 2014 between OCP Group and Guinea to improve the agricultural techniques of Guinean farmers with the goal to increase their agricultural yields and thus significantly reduce use of agricultural commodities.

The Government of Guinea considers the acceleration of agricultural development in the country to be highly important. The Memorandum of Understanding combines Guinea's efforts to promote the socio-economic development of Guinean farmers with the goal to achieve an 8% agricultural growth in 2017.

Guinea has decided to multiply its current average fertilizer consumption (20 000 metric tpy) by five times to advocate for better use of fertilizers and to promote the rational fertilisation of agricultural land as fundamental to accelerating agricultural development in Guinea.

Read the article online at: https://www.worldfertilizer.com/phosphates/24022017/ocp-and-the-government-of-guinea-sign-phosphate-mou/