# Morocco’s OCP Records Slight Turnover Decline in First Quarter of 2020

> OCP, Morocco's state-owned phosphate company, reported Q1 2020 turnover of MAD 12.27 billion, a slight decline from MAD 12.42 billion a year earlier. The decrease was attributed to lower fertilizer prices, with gross margin falling from 67% to 61% on lower sulfur and ammonia costs.

- Date: 2020-05-29 · published 2020-05-29T12:00:00.000Z
- Category: report · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/53454-morocco-s-ocp-records-slight-turnover-decline-in-first-quarter-of-2020
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Lower phosphate fertilizer prices and reduced input costs signal softer phosphate and ammonia-based fertilizer pricing, which eases costs for feed and crop producers. The effect on feed-grain prices is limited.

## Read by commodity

- DAP: bearish ▼
- PHOSROCK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2022-11-29 | [Morocco’s OCP Turnover Reaches $8.32 Billion in First Nine Months of 2022](https://feedsoft.ai/events/39009-morocco-s-ocp-turnover-reaches-8-32-billion-in-first-nine-months-of-2022.md) | -0.4% | -4.4% |
| DAP | 2019-11-26 | [Sale of DAP declines by 48% YoY in October 2019](https://feedsoft.ai/events/56376-sale-of-dap-declines-by-48-yoy-in-october-2019.md) | -0.1% | +1.3% |
| DAP | 2020-04-02 | [AgroPages-OCP Group achieves MAD 54.9 billion turnover in 2019-Agricultural news](https://feedsoft.ai/events/53967-agropages-ocp-group-achieves-mad-54-9-billion-turnover-in-2019-agricultural-news.md) | +1.8% | +1.7% |
| DAP | 2024-09-13 | [Morocco: A market mover in phosphates - CRU Group](https://feedsoft.ai/events/28646-morocco-a-market-mover-in-phosphates-cru-group.md) | -0.2% | +0.5% |
| DAP | 2026-01-16 | [Mosaic Issues Market Update And Preliminary Fourth Quarter 2025 Sales Results](https://feedsoft.ai/events/20982-mosaic-issues-market-update-and-preliminary-fourth-quarter-2025-sales-results.md) | -0.8% | +0.5% |

## Sources

- moroccoworldnews.com: https://www.moroccoworldnews.com/2020/05/69151/moroccos-ocp-records-slight-turnover-decline-in-first-quarter-of-2020/

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