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OCP Group is Morocco's 95% state-owned phosphate producer and exporter, with 23,000 employees and reported 2017 revenue of about $5bn. The company says it is cutting sulphur dioxide emissions by 98% as part of its circular economy programme.
The feature also cites a forecast phosphate market value of $75bn by 2021 and demand of 88 million tonnes by 2024.
Emission controls are a company-level sustainability measure and do not change near-term phosphate supply or demand. The forecast demand growth supports the longer-term outlook for phosphate prices.
africaoutlookmag.comEditorial TeamJan 9, 2019Not 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.
