# Morocco phosphates producer OCP's quarterly revenue jumps 77% amid high prices

> 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.

- Date: 2022-05-17 · published 2022-05-17T12:00:00.000Z
- Category: market · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/41737-morocco-phosphates-producer-ocp-s-quarterly-revenue-jumps-77-amid-high-prices
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

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.

## Read by commodity

- DAP: bullish ▲
- PHOSROCK: bullish ▲

## Sources

- tradingview.com: https://www.tradingview.com/news/reuters.com,2022:newsml_L5N2X92WF:0-morocco-phosphates-producer-ocp-s-quarterly-revenue-jumps-77-amid-high-prices/

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