Morocco spent 30.9 billion dirhams on sulphur imports in the first nine months of 2026, nearly three times the amount spent a year earlier. Higher sulphur prices contributed to OCP’s first-half net loss; sulphur is used to make the sulphuric acid needed to process phosphate rock into fertilizer.
Higher sulphur costs raise the cost of producing phosphate fertilizers and pressure OCP’s margins, potentially supporting fertilizer prices if costs are passed through to buyers.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
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.