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OCP reported first-quarter 2020 revenues of US$1.27 billion and EBITDA of US$345 million, down from the prior year due to lower fertilizer prices. Higher export volumes partly offset the price decline, and EBITDA rose 48% from the fourth quarter of 2019.
Lower realised fertilizer prices at the largest phosphate exporter confirm soft phosphate pricing, while strong export volumes indicate ample supply.
phosphateprice.comDesktopJun 3, 2020After 35 past bearish report events, DAP moved a median 0.0% over 5 sessions (37% higher; middle half -0.7% to +1.5%), and +0.6% 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.
