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OCP Group reported first-half 2024 revenue of 43.24 billion dirhams, up 15% year on year, driven by higher export volumes that offset lower sales prices. EBITDA rose 113% to 16.31 billion dirhams.
Demand was strong in Europe and Africa for fertilizers and in Europe and India for phosphoric acid.
Strong export demand for OCP's phosphate products signals firm global phosphate fertilizer demand, though lower realized prices point to softer pricing for some segments.
en.7news.ma7newsMoroccoSep 24, 2024After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% 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.
