# OCP H1 2026: sulfur costs triple as EBITDA drops 28.5% — GIDEX Market News

> OCP's first-half 2026 results showed sulfur costs roughly tripling and EBITDA falling 28.5%. The company shifted its product mix toward triple superphosphate, which now makes up 35% of fertilizer exports.

- Date: 2026-10-07 · published 2026-10-07T12:00:00.000Z
- Category: macro · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/678-ocp-h1-2026-sulfur-costs-triple-as-ebitda-drops-28-5-gidex-market-news
- Commodities: [TSP](https://feedsoft.ai/c/TSP.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Higher sulfur costs squeeze phosphate producers' margins and can support phosphate fertilizer prices, though the shift toward TSP shows producers adapting.

## Read by commodity

- DAP: bullish ▲
- TSP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2025-12-04 | [Weak rupee may raise fertiliser import, production costs and subsidy load \| Industry News - Business Standard](https://feedsoft.ai/events/5187-weak-rupee-may-raise-fertiliser-import-production-costs-and-subsidy-load.md) | -0.8% | -3.8% |
| DAP | 2026-03-17 | [Morocco phosphate sector remains stable as global fertilizer costs rise](https://feedsoft.ai/events/20476-morocco-phosphate-sector-remains-stable-as-global-fertilizer-costs-rise.md) | +1.4% | +14.3% |
| DAP | 2021-10-08 | [Fertilizer prices soaring as natural-gas rally adds to ‘perfect storm’ - MarketWatch](https://feedsoft.ai/events/5906-fertilizer-prices-soaring-as-natural-gas-rally-adds-to-perfect-storm-marketwatch.md) | 0.0% | +6.6% |
| DAP | 2022-12-08 | [Fertiliser Market Update  — Bartholomews](https://feedsoft.ai/events/38531-fertiliser-market-update-bartholomews.md) | -0.5% | -4.0% |
| DAP | 2021-10-22 | [Fertiliser market price rise: wait or buy now?](https://feedsoft.ai/events/44888-fertiliser-market-price-rise-wait-or-buy-now.md) | -0.5% | +4.3% |

## Sources

- gidex.com: https://gidex.com/news/ocp-h1-2026-sulfur-costs-triple-as-ebitda-drops-28-5/

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