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Moroccan state-owned phosphate group OCP raised US$1.5 billion through its first international hybrid bond to expand production amid the Gulf crisis. The company is also lobbying EU officials to soften fertilizer rules ahead of a European Commission action plan on fertilizers.
OCP's push to expand output and capture European and US demand reflects tight phosphate and sulphur markets, though new capacity will take time to affect supply. Sulphur prices up about 35% since the conflict began add cost pressure to phosphate fertilizers.
africa-confidential.comApr 20, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
