# Moroccan Phosphate Exports Surge as Markets Stabilize

> Moroccan phosphate rock and fertilizer exports rose 17% year on year in January, with fertilizer sales up 20% and phosphoric acid exports up 26%. The gains followed a 34% export decline in 2023. OCP's profits rose 21%, although its fourth-quarter revenues fell 20%.

- Date: 2024-03-05 · published 2024-03-05T12:00:00.000Z
- Category: trade · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/31543-moroccan-phosphate-exports-surge-as-markets-stabilize
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Stronger Moroccan export volumes add supply to global phosphate markets, which is mildly bearish for DAP and phosrock prices. Recovering demand from the agriculture sector supports the outlook.

## Read by commodity

- DAP: neutral
- PHOSROCK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2024-10-28 | [Morocco’s phosphate fertilizer exports to EU surge, securing a strong position in European market - The Morocco Post](https://feedsoft.ai/events/28198-morocco-s-phosphate-fertilizer-exports-to-eu-surge-securing-a-strong-position.md) | +0.9% | +0.9% |
| DAP | 2024-06-05 | [Phosphate Trade Surges as Morocco's Export Powerhouse Fuels Growth](https://feedsoft.ai/events/30113-phosphate-trade-surges-as-morocco-s-export-powerhouse-fuels-growth.md) | +0.7% | +2.7% |
| DAP | 2021-09-09 | [Mexico resumes imports of Moroccan phosphate – Phosphate Price](https://feedsoft.ai/events/45377-mexico-resumes-imports-of-moroccan-phosphate-phosphate-price.md) | +0.4% | +7.1% |
| DAP | 2023-07-29 | [Urea market on fire, stronger Rand keeps Phosphates and Potash stable.](https://feedsoft.ai/events/4757-urea-market-on-fire-stronger-rand-keeps-phosphates-and-potash-stable.md) | +2.0% | +3.5% |
| DAP | 2025-12-05 | [Morocco’s OCP sees phosphate exports to India to rise nearly 40% during CY2025 - The HinduBusinessLine](https://feedsoft.ai/events/21832-morocco-s-ocp-sees-phosphate-exports-to-india-to-rise-nearly-40-during-cy2025.md) | -0.8% | -3.8% |

## Sources

- en.walaw.press: https://en.walaw.press/articles/moroccan_phosphate_exports_surge_as_markets_stabilize/GLXSLGMWGPLP

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