Phosphate producer OCP sees drop in Q3 revenue
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...