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OCP Group reported 2020 turnover of MAD 56.128 billion ($6.20 billion), up 4% year on year, driven by higher fertilizer and phosphate rock exports. Phosphate rock turnover fell 2% on lower prices and a less favorable product mix.
The group kept a strict cost-management strategy in place.
Higher OCP export volumes to Europe and Latin America add to phosphate supply in those markets, while lower rock prices point to softer raw-material costs for fertilizer makers.
moroccoworldnews.comhamza-guessousMar 25, 2021Not 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.
