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OCP reported a 19% rise in 2018 full-year net profit to 5.4 billion dirhams on revenue up 15% to 55.9 billion dirhams. The company cited steady demand and higher international prices, and it plans African plants to tap rising fertilizer use.
Stable demand and higher international phosphate prices indicate a firm phosphate fertilizer market, supporting DAP and TSP pricing for buyers.
africanminingmarket.comReuters NewsApr 1, 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.
