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OCP S.A. reported 2016 revenue of US$4.3 billion, down from US$4.9 billion in 2015, with full-year EBITDA falling to US$1.3 billion from US$1.8 billion. Fourth-quarter revenue was US$1.05 billion, roughly flat year on year.
Chairman Mostafa Terrab said the phosphate market appears to be at the bottom of the cycle and that prices picked up at the end of 2016.
Higher phosphate prices from firmer import demand and lower industry output support DAP costs for feed-phosphate and fertilizer buyers. The company expects the market to stay supply-driven.
worldfertilizer.comAngharad LockMar 24, 2017Not 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.
