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OCP Group reported 2019 turnover of MAD 54.9 billion, down 3% from 2018, as fertilizer prices fell an average of 35% over the year. The group cited abundant supply, lower raw material costs such as sulfur, unfavorable weather in the US, and yuan devaluation.
Lower fertilizer prices reflect ample phosphate supply and weaker demand after poor US seasons, which keeps phosphate input costs for feed and crop producers subdued. The results signal that the 2019 price correction has persisted.
news.agropages.comApr 2, 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.
Not 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.
