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Morocco's OCP reported 2018 revenues up 15% to MAD 55.9 billion, with fertilizer revenue up 20% and making up 55% of total sales. The group cited higher volumes and prices for phosphoric acid and fertilizer, while rock volumes and prices held steady.
OCP is the largest global phosphate fertilizer exporter, so firm pricing and rising demand signal tighter phosphate supply and support higher DAP and phosphate fertilizer costs for feed and crop producers.
moroccoworldnews.comhamza-guessousMar 25, 2019Not enough comparable past events yet for a historical read.
Not 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.
