# Morocco’s OCP Turnover Reaches $1.79 Billion in First Quarter of 2023

> OCP Group reported first-quarter 2023 turnover of MAD 18.2 billion ($1.79 billion), down from MAD 25.3 billion a year earlier. The company attributed the decline to lower global fertilizer prices, weaker demand in most importing markets except Brazil and India, and lower sulfur and ammonia costs. Gross margin and EBITDA also fell sharply.

- Date: 2023-05-29 · published 2023-05-29T12:00:00.000Z
- Category: market · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/36276-morocco-s-ocp-turnover-reaches-1-79-billion-in-first-quarter-of-2023
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Lower fertilizer prices and weaker import demand point to softer phosphate fertilizer pricing for buyers, although Brazil and India remain supportive demand centers.

## Read by commodity

- DAP: bearish ▼

## Sources

- moroccoworldnews.com: https://www.moroccoworldnews.com/2023/05/33083/moroccos-ocp-turnover-reaches-1-79-billion-in-first-quarter-of-2023/

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