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OCP Group reported a turnover of MAD 89.5 billion ($8.32 billion) for the first nine months of 2022, up 55% year-on-year. Rock and fertilizer sales rose on higher selling prices, while the company expected fertilizer prices to decline in the third quarter.
OCP's expectation of falling fertilizer prices and reported weaker phosphate demand from Brazil point to easing input costs ahead. This is a company earnings update rather than a new supply shock.
moroccoworldnews.comSafaa KasraouiNov 29, 2022Not enough comparable past events yet for a historical read.
After 35 past bearish report events, DAP moved a median 0.0% over 5 sessions (37% higher; middle half -0.7% to +1.5%), and +0.6% 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.
