Phoshate producer OCP posts lower Q2 revenue

By Yoke Wong
Published: Tuesday, 27 September 2016

Morocco’s fertiliser producer OCP reported lower Q2 revenue due to weak phosphate-based fertiliser prices. It believes that the market is close to the bottom and is heading for a gradual recovery in 2017.

Morocco’s phosphate producer Office Cherifien de Phosphate (OCP) Q2 2016 revenue fell 8% year-on-year due to lower fertiliser prices."Demand for phosphate-based fertiliser remained positive in the period, but much of the consumption took the form of inventory draw-downs following widespread stockpiling in 2015. At the same time, the industry faced...

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