# OCP reports strong rebound in profitability driven by a recovery in demand

> 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.

- Date: 2023-11-20 · published 2023-11-20T12:00:00.000Z
- Category: market · region Morocco · magnitude medium
- Page: https://feedsoft.ai/events/33495-ocp-reports-strong-rebound-in-profitability-driven-by-a-recovery-in-demand
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

Stronger phosphate prices and demand recovery from a major exporter point to firmer DAP and TSP pricing for feed and fertilizer buyers.

## Read by commodity

- DAP: bullish ▲
- TSP: bullish ▲

## Sources

- en.hespress.com: https://en.hespress.com/74892-ocp-reports-strong-rebound-in-profitability-driven-by-a-recovery-in-demand.html

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