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OCP reported turnover of about 61.03 billion dirhams for the first nine months of 2023, down from 89.53 billion a year earlier. EBITDA fell to about 17.18 billion dirhams from 42.96 billion, and the group said prices rose gradually in the third quarter.
Rising OCP phosphate prices and firm demand in importing regions point to tighter phosphate fertilizer supply heading into the 2024 season, supporting DAP and TSP costs.
archyde.comAlexandra Hartman Editor-in-ChiefNov 22, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
