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OCP Group reported revenue of $7.12 billion for the first nine months of 2024, up from $6.29 billion a year earlier. TSP export volumes rose 54% year on year.
Phosphoric acid revenue rose 52%, and phosphate rock revenue fell 39%.
A 54% rise in TSP exports from the leading global supplier signals strong TSP demand and firm pricing. Higher phosphoric acid sales to Europe and India also point to tight phosphate chemical supply.
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.