# Morocco's OCP and Ethiopia sign large fertiliser plant deal

> Morocco's OCP signed a deal with Ethiopia for a large fertilizer plant, with output to be shipped abroad. OCP also reported a 23.2% fall in first-half net profit to 3.07 billion dirhams due to low international prices.

- Date: 2016-11-19 · published 2016-11-19T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/74148-morocco-s-ocp-and-ethiopia-sign-large-fertiliser-plant-deal
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

New fertilizer capacity from a major exporter adds to global phosphate supply, which keeps downward pressure on prices for phosphate inputs.

## Read by commodity

- DAP: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2023-11-06 | [Fertiliser Markets Look Bearish With Limited Demand Pockets \| CZ app](https://feedsoft.ai/events/4327-fertiliser-markets-look-bearish-with-limited-demand-pockets-cz-app.md) | +0.9% | +3.9% |
| DAP | 2023-10-27 | [US lawmakers call for lower duties on imports of phosphate fertilizer from Morocco - Fertilizer Daily](https://feedsoft.ai/events/33970-us-lawmakers-call-for-lower-duties-on-imports-of-phosphate-fertilizer-from.md) | +0.9% | +3.9% |
| DAP | 2023-11-08 | [US reduces tariffs on phosphate fertilizers from Morocco \| Agriculture Dive](https://feedsoft.ai/events/33488-us-reduces-tariffs-on-phosphate-fertilizers-from-morocco-agriculture-dive.md) | +0.9% | +3.9% |
| DAP | 2019-11-03 | [September China's fertilizer import and export details - Frandcom Chemicals](https://feedsoft.ai/events/55994-september-china-s-fertilizer-import-and-export-details-frandcom-chemicals.md) | -3.5% | -5.2% |
| DAP | 2023-10-18 | [Moroccan fertilizer company sees way back into US market for spring planting \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/33960-moroccan-fertilizer-company-sees-way-back-into-us-market-for-spring-planting.md) | +0.5% | +4.0% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/commodities/moroccos-ocp-and-ethiopia-sign-large-fertiliser-plant-deal-idUSL8N1DK0BR/

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