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Moroccan state-controlled phosphates producer OCP reported first-quarter revenue up 77% to 25.3 billion dirhams (about $2.5 billion) on high prices. The company plans to raise production by 10% in 2022, expecting prices to keep rising on demand from emerging markets.
OCP is the world's largest phosphate rock exporter, so its plan to expand output signals continued firm phosphate and DAP supply tightness and high prices for fertilizer costs in feed-grain production.
tradingview.comMay 17, 2022Not enough comparable past events yet for a historical read.
Not 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.
