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Morocco's state-owned OCP reported that its phosphate turnover rose 14 percent in 2017 to $4.8 billion, despite falling international prices. Phosphate rock sales revenue grew 40 percent and fertilizer sales revenue grew 24 percent versus 2016.
Exports to other African nations jumped 50 percent to 2.5 million tons.
Higher OCP volumes and African export growth point to firm phosphate fertilizer supply demand, but falling international prices signal softer phosphate input costs for feed and crop producers.
moroccotomorrow.orgAbout The Author zenMar 24, 2018Not 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.
