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Morocco's OCP reported first-half 2024 revenue of MAD 43.24 billion, up from MAD 37.56 billion, driven by higher export volumes despite lower selling prices. EBITDA rose 113% to MAD 16.31 billion.
Strong export volumes from OCP signal ample phosphate supply to Europe and Africa, which tempers fertilizer price increases for feed and crop input buyers.
crugroup.comAuthor James MillsSep 13, 2024After 35 past bearish report events, DAP moved a median 0.0% over 5 sessions (37% higher; middle half -0.7% to +1.5%), and +0.6% over 20.
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.
