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Morocco's state-owned OCP group has benefited strongly from the Ukraine war, with Q1 2022 turnover up 77% year on year to €2.4bn. Importers have shifted toward Moroccan phosphate as Russian and Chinese supply has shrunk.
Supply shifts away from Russia and China keep phosphate rock and fertiliser prices elevated, tightening availability for buyers who depend on phosphate inputs.
middleeasteye.netRachid BouananiAug 3, 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.
