# Morocco’s Phosphate Exports Drop by 25% in 2023

> Morocco's phosphate export value fell 25% year-on-year in the first two months of 2023, to MAD 10.9 billion from MAD 14.6 billion. The drop follows record 2022 exports and reflects fertiliser prices falling about 10-12% per month, with OCP reporting weaker quarterly profit.

- Date: 2023-04-02 · published 2023-04-02T12:00:00.000Z
- Category: market · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/36729-morocco-s-phosphate-exports-drop-by-25-in-2023
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [TSP](https://feedsoft.ai/c/TSP.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Lower export values and falling fertiliser prices signal easing phosphate and fertiliser costs, which benefits feed producers' input cost outlook.

## Read by commodity

- DAP: bearish ▼
- TSP: bearish ▼
- PHOSROCK: bearish ▼

## Sources

- moroccoworldnews.com: https://www.moroccoworldnews.com/2023/04/34796/moroccos-phosphate-exports-drop-by-25-in-2023/

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