# Morocco: A market mover in phosphates - CRU Group

> 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.

- Date: 2024-09-13 · published 2024-09-13T12:00:00.000Z
- Category: report · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/28646-morocco-a-market-mover-in-phosphates-cru-group
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Strong export volumes from OCP signal ample phosphate supply to Europe and Africa, which tempers fertilizer price increases for feed and crop input buyers.

## Read by commodity

- DAP: bearish ▼
- PHOSROCK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2023-06-29 | [‘Great news’: EU hails discovery of massive phosphate rock deposit in Norway](https://feedsoft.ai/events/35821-great-news-eu-hails-discovery-of-massive-phosphate-rock-deposit-in-norway.md) | 0.0% | +12.8% |
| DAP | 2020-04-02 | [AgroPages-OCP Group achieves MAD 54.9 billion turnover in 2019-Agricultural news](https://feedsoft.ai/events/53967-agropages-ocp-group-achieves-mad-54-9-billion-turnover-in-2019-agricultural-news.md) | +1.8% | +1.7% |
| DAP | 2022-11-29 | [Morocco’s OCP Turnover Reaches $8.32 Billion in First Nine Months of 2022](https://feedsoft.ai/events/39009-morocco-s-ocp-turnover-reaches-8-32-billion-in-first-nine-months-of-2022.md) | -0.4% | -4.4% |
| DAP | 2020-06-03 | [OCP Group News Update: 1Q20 Results, Jorf Lasfar Site Improvements & Brazil Start-Up Investment – Phosphate Price](https://feedsoft.ai/events/52941-ocp-group-news-update-1q20-results-jorf-lasfar-site-improvements-and-brazil.md) | 0.0% | +6.6% |
| DAP | 2020-05-29 | [Morocco’s OCP Records Slight Turnover Decline in First Quarter of 2020](https://feedsoft.ai/events/53454-morocco-s-ocp-records-slight-turnover-decline-in-first-quarter-of-2020.md) | +2.6% | +5.6% |

## Sources

- crugroup.com: https://www.crugroup.com/en/communities/thought-leadership/2023/morocco-a-market-mover-in-phosphates/

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