# AgroPages-OCP Group achieves MAD 54.9 billion turnover in 2019-Agricultural news

> 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.

- Date: 2020-04-02 · published 2020-04-02T12:00:00.000Z
- Category: report · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/53967-agropages-ocp-group-achieves-mad-54-9-billion-turnover-in-2019-agricultural-news
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

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.

## 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 | 2020-01-29 | [PhosAgro boosts fertilizer production to a record 9.5 million tonnes in 2019 - NewsnReleases](https://feedsoft.ai/events/55404-phosagro-boosts-fertilizer-production-to-a-record-9-5-million-tonnes-in-2019.md) | +9.5% | +8.6% |
| 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 | 2020-05-29 | [Morocco’s OCP Records Slight Turnover Decline in First Quarter of 2020](https://feedsoft.ai/events/53454-morocco-s-ocp-records-slight-turnover-decline-in-first-quarter-of-2020.md) | +2.6% | +5.6% |
| DAP | 2020-06-03 | [OCP Group News Update: 1Q20 Results, Jorf Lasfar Site Improvements & Brazil Start-Up Investment – Phosphate Price](https://feedsoft.ai/events/52941-ocp-group-news-update-1q20-results-jorf-lasfar-site-improvements-and-brazil.md) | 0.0% | +6.6% |

## Sources

- news.agropages.com: https://news.agropages.com/News/NewsDetail---34752.htm

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