# OCP Hit Record Earnings against Backdrop of Ukraine Crisis, FT

> 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.

- Date: 2023-02-08 · published 2023-02-08T12:00:00.000Z
- Category: market · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/37652-ocp-hit-record-earnings-against-backdrop-of-ukraine-crisis-ft
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

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.

## Read by commodity

- DAP: bullish ▲
- PHOSROCK: bullish ▲

## Sources

- barlamantoday.com: https://barlamantoday.com/2023/02/08/ocp-hit-record-earnings-against-backdrop-of-ukraine-crisis-ft/

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