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Morocco's OCP Group reported nine-month 2023 results with a sharp rise in third-quarter profitability. EBITDA margin rose to 28% from 20% in the second quarter, driven by higher phosphate prices and recovering demand.
Stronger phosphate prices and demand recovery from a major exporter point to firmer DAP and TSP pricing for feed and fertilizer buyers.
en.hespress.comHiba El BouchtaouiNov 20, 2023Not 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.
