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OCP Group reported first-quarter 2019 revenue of MAD 42.4 billion, up 3% year on year, despite lower phosphate prices and higher fertiliser inventories held by some importers. The company grew phosphoric acid exports to Asia and fertiliser exports to Europe and Latin America.
Weaker phosphate and DAP prices with ample importer inventories point to soft fertiliser pricing, which lowers input costs for feed producers' supply chains.
willagri.comDec 10, 2019Not enough comparable past events yet for a historical read.
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.
