Higher phosphate rock, fertiliser sales lift OCP Q2 earnings
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