# OCP cuts ties with Fitch as a sulphur shock squeezes profits

> Moroccan phosphate group OCP ended its relationship with Fitch Ratings, which withdrew all its ratings on 12 November after OCP stopped participating in the assessment. OCP reported rising sulphur costs and weaker fertiliser demand pressuring its profits.

- Date: 2026-11-13 · published 2026-11-13T18:11:27.251Z
- Category: market · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/98135-ocp-cuts-ties-with-fitch-as-a-sulphur-shock-squeezes-profits
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

Rising sulphur costs raise the production cost of phosphate fertilisers such as DAP and TSP, which can support phosphate prices and squeeze margins for feed and crop input buyers.

## Read by commodity

- DAP: bullish ▲
- TSP: bullish ▲

## Sources

- en.7news.ma: https://en.7news.ma/ocp-fitch-ratings-fertiliser-crisis/

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