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OCP, Morocco's state phosphate group, reported a 7% rise in first-half 2017 turnover to over MAD 23 billion, driven by African fertilizer exports that rose 44% and now account for about 40% of its fertilizer exports. EBITDA was flat at MAD 5.9 billion, and Q2 revenue rose to MAD 11.8 billion.
Strong African demand for Moroccan phosphate and specialty fertilizers supports fertilizer flows, though falling sale prices weighed on the group. Feed buyers face little direct price change, but phosphate input costs remain tied to these exporters.
moroccoworldnews.comchaima-lahsiniSep 12, 2017Not 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.
