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Morocco's OCP Group reported net revenue of MAD 57.6 billion (US$6.45 billion) for the first three quarters of 2021, up 38% year on year. Phosphoric acid revenue rose 47% and phosphate rock sales revenue rose 25%, with higher prices offsetting lower volumes.
The results confirm that phosphate prices have risen sharply and that a major exporter expects strong demand to continue into 2022. This supports higher costs for phosphate-based fertilizer and feed phosphate.
moroccoworldnews.comjihane-rahhouDec 1, 2021Not enough comparable past events yet for a historical read.
After 66 past bullish report events, DAP moved a median 0.0% over 5 sessions (41% higher; middle half -0.6% to +0.7%), and +0.3% over 20.
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.
