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Morocco's fertilizer producer OCP reported 2022 turnover of $11.28 billion, up 36% year over year. Rock sales rose 51% on better pricing despite lower export volumes to key importers.
The report confirms that phosphate rock and fertilizer prices stayed elevated through 2022, keeping input costs high for crop producers and feed grain supply chains.
en.hespress.comHespress ENMar 28, 2023
moroccoworldnews.comSafaa KasraouiMar 28, 2023Not enough comparable past events yet for a historical read.
After 66 past bullish report events, DAP moved a median 0.0% over 5 sessions (41% higher; middle half -0.6% to +0.7%), and +0.3% over 20.
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.
