Phosphate producer OCP sees drop in Q3 revenue

By Yoke Wong
Published: Friday, 09 December 2016

One of the world’s largest phosphate producers, OCP has reported lower earnings in Q3 as weak fertiliser demand and prices hit profits.

Moroccan phosphate fertiliser producer Office Cherifien de Phosphate (OCP) saw its Q3 revenue decline 19% year-on-year (y-o-y) due to lower prices and imports in main consuming regions, the company said on 8 December."While consumption for phosphate-based fertilisers increased in the first nine months of the year, this consumption has been...

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