# Morocco’s OCP Turnover Reaches $8.32 Billion in First Nine Months of 2022

> 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.

- Date: 2022-11-29 · published 2022-11-29T12:00:00.000Z
- Category: report · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/39009-morocco-s-ocp-turnover-reaches-8-32-billion-in-first-nine-months-of-2022
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

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.

## Read by commodity

- DAP: bearish ▼
- PHOSROCK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2020-05-29 | [Morocco’s OCP Records Slight Turnover Decline in First Quarter of 2020](https://feedsoft.ai/events/53454-morocco-s-ocp-records-slight-turnover-decline-in-first-quarter-of-2020.md) | +2.6% | +5.6% |
| DAP | 2020-04-02 | [AgroPages-OCP Group achieves MAD 54.9 billion turnover in 2019-Agricultural news](https://feedsoft.ai/events/53967-agropages-ocp-group-achieves-mad-54-9-billion-turnover-in-2019-agricultural-news.md) | +1.8% | +1.7% |
| DAP | 2024-09-13 | [Morocco: A market mover in phosphates - CRU Group](https://feedsoft.ai/events/28646-morocco-a-market-mover-in-phosphates-cru-group.md) | -0.2% | +0.5% |
| DAP | 2026-06-27 | [India's May DAP Output Hits Nine-Month High, Stocks Rise by 33,000 Tons -  Wedoany](https://feedsoft.ai/events/19139-india-s-may-dap-output-hits-nine-month-high-stocks-rise-by-33-000-tons-wedoany.md) | 0.0% | +4.7% |
| DAP | 2020-01-29 | [PhosAgro boosts fertilizer production to a record 9.5 million tonnes in 2019 - NewsnReleases](https://feedsoft.ai/events/55404-phosagro-boosts-fertilizer-production-to-a-record-9-5-million-tonnes-in-2019.md) | +9.5% | +8.6% |

## Sources

- moroccoworldnews.com: https://www.moroccoworldnews.com/2022/11/38963/moroccos-ocp-turnover-reaches-8-32-billion-in-first-nine-months-of-2022/

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