# OCP Group’s Turnover Rises by 77% in First Quarter of 2022

> OCP Group's turnover reached MAD 25.32 billion ($2.50 billion) in the first quarter of 2022, up 77% year on year. The company attributed the gain to strong international phosphate demand and higher prices after the Russia-Ukraine conflict tightened supply.

- Date: 2022-05-17 · published 2022-05-17T12:00:00.000Z
- Category: market · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/41738-ocp-group-s-turnover-rises-by-77-in-first-quarter-of-2022
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Higher phosphate prices and rising ammonia and sulfur costs keep fertilizer input costs elevated, which feeds through to grain and feed-ingredient prices.

## Read by commodity

- DAP: bullish ▲
- PHOSROCK: bullish ▲

## Sources

- moroccoworldnews.com: https://www.moroccoworldnews.com/2022/05/45984/ocp-groups-turnover-rises-by-77-in-first-quarter-of-2022/

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