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OCP Group reported nine-month 2024 revenue of MAD 69 billion (about USD 6.9 billion), up 13%, with EBITDA up 57%. Export volume growth was led by a rebound in demand for TSP.
Phosphate rock revenue fell 39%.
Strong TSP export volumes from the largest phosphate exporter point to firm global TSP demand. This supports TSP prices, while the company expects revenue to keep consolidating into 2025.
barlamantoday.comJihane RahhouNov 26, 2024Not 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.
