# Morocco's phosphate revenues up 20 pct in Q1 - Xinhua | English.news.cn

> Morocco's state-owned OCP reported first-quarter 2019 revenue up 20% year on year to $1.31 billion. The growth came from higher acid and fertilizer volumes and higher rock, acid and fertilizer prices versus Q1 2018.

- Date: 2019-05-22 · published 2019-05-22T12:00:00.000Z
- Category: market · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/59426-morocco-s-phosphate-revenues-up-20-pct-in-q1-xinhua-english-news-cn
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Higher phosphate rock and DAP prices from the world's largest phosphate producer support the cost of phosphate-based feed supplements and fertilizer inputs. The gain is year-on-year, while prices trended lower sequentially.

## Read by commodity

- DAP: bullish ▲
- PHOSROCK: bullish ▲

## Sources

- moroccotomorrow.org: https://moroccotomorrow.org/moroccos-phosphate-revenues-up-20-pct-in-q1/
- xinhuanet.com: http://www.xinhuanet.com/english/2019-05/22/c_138081007.htm

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