# Morocco: sulfur shock pushes OCP into the red - La Minute Arabe

> Moroccan fertilizer producer OCP posted a first-half 2026 group net loss of MAD 2.84 billion (about $293 million), compared with a profit of roughly $852 million a year earlier. Revenue fell 7.3% and EBITDA dropped 28.5% as sulfur prices roughly tripled after Strait of Hormuz disruptions raised phosphate production costs.

- Date: 2026-09-30 · published 2026-09-30T12:00:00.000Z
- Category: geopolitics · region Morocco · magnitude medium
- Page: https://feedsoft.ai/events/17791-morocco-sulfur-shock-pushes-ocp-into-the-red-la-minute-arabe
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

Higher sulfur costs push up the cost of producing phosphate fertilizers such as DAP and TSP, which supports fertilizer prices and tightens the cost outlook for feed and crop producers.

## Read by commodity

- DAP: bullish ▲
- TSP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2022-12-04 | [Arab News \| Morocco reaps cash, clout from fertilizer supply shock](https://feedsoft.ai/events/38556-arab-news-morocco-reaps-cash-clout-from-fertilizer-supply-shock.md) | 0.0% | -4.0% |
| DAP | 2024-05-06 | [Morocco's surging role in the global phosphate market - The Morocco Post](https://feedsoft.ai/events/30592-morocco-s-surging-role-in-the-global-phosphate-market-the-morocco-post.md) | +3.6% | +7.7% |
| DAP | 2022-10-04 | [AUSTRALIA/MOROCCO/WESTERN SAHARA • OCP resumes Western Sahara phosphate exports to Australia - 04/10/2022 - Africa Intelligence](https://feedsoft.ai/events/39466-australia-morocco-western-sahara-ocp-resumes-western-sahara-phosphate-exports.md) | -1.7% | -5.5% |
| DAP | 2025-11-27 | [India taps Morocco ties for fertiliser needs - The Economic Times](https://feedsoft.ai/events/22280-india-taps-morocco-ties-for-fertiliser-needs-the-economic-times.md) | -9.7% | -13.2% |
| DAP | 2026-05-28 | [OCP warns Hormuz disruption has evolved into global fertilizer supply shock — Fertilizer Daily](https://feedsoft.ai/events/19589-ocp-warns-hormuz-disruption-has-evolved-into-global-fertilizer-supply-shock.md) | +1.6% | +1.0% |

## Sources

- laminutearabe.com: https://www.laminutearabe.com/en/breves/morocco-sulfur-shock-pushes-ocp-into-the-red/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.