# Morocco's OCP Sees 72% Revenue Surge as Ukraine War Boosts Phosphate Prices | Bladi.net

> OCP, Morocco's state phosphate producer, reported first-half 2022 turnover of 56 billion dirhams, up 72% year on year. Second-quarter turnover rose to 30.69 billion dirhams from 18.19 billion in the first quarter. The company attributed the gain to a higher global phosphate selling price after the Russian invasion of Ukraine.

- Date: 2022-09-02 · published 2022-09-02T12:00:00.000Z
- Category: market · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/39915-morocco-s-ocp-sees-72-revenue-surge-as-ukraine-war-boosts-phosphate-prices
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Phosphate prices at multi-year highs, driven by strong Indian and Latin American demand and Chinese and Russian export restrictions, raise the cost of phosphate-based fertilizer for crop producers.

## Read by commodity

- PHOSROCK: bullish ▲

## Sources

- en.bladi.net: https://en.bladi.net/morocco-ocp-sees-revenue-surge-ukraine-war-boosts-phosphate-prices,96107.html

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