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OCP reported a turnover of about MAD 56.02 billion ($5.29 billion) for the first half of 2022, a 72% increase from 2021. Second-quarter turnover reached MAD 30.69 billion, up 69% year on year.
The company credited good market conditions and higher fertilizer prices.
Strong OCP earnings reflect elevated fertilizer prices, which keep phosphate input costs high for feed grain and oilseed producers.
moroccoworldnews.comSafaa KasraouiSep 6, 2022Not 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.
