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Higher phosphate rock, fertiliser sales lift OCP Q2 earnings

By Yoke Wong
Published: Wednesday, 13 September 2017

The world’s largest phosphate producer, OCP, reported higher Q2 earnings. Although demand remained strong in H2, the market will be price-sensitive to Chinese exporters' behaviour.

Lower raw material costs and increased rock and fertiliser sales volumes have offset weak phosphate prices and lifted Moroccan state-owned Office Cherifien des Phosphates (OCP)’s earnings in Q2.

OCP’s Q2 revenue rose 4% to $1.19bn, compared to $1.16bn the same time last year. Revenue during the first half of...

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