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OCP, the world's largest phosphate fertilizer company, reported record 2022 operating profit of $3.65 billion, up from $1.99 billion in 2021, according to the Financial Times. CEO Mostafa Terrab said the world needs more industry investment and that prices were rising even before the war.
Record OCP profits reflect the high phosphate and fertilizer price environment that raises input costs for farmers. The article restates past results and does not announce a new supply change.
barlamantoday.comJihane RahhouFeb 8, 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.
