WillAgri
In the first quarter of 2019, the OCP Group achieved revenue of MAD 42.4 billion (approx. €3.8 billion), an increase of 3% compared to the same period 2018. This was achieved against a general backdrop of lower prices for phosphate and larger inventories of fertilisers held by some importers. This performance must be put down to the competitive advantages of this Moroccan group with its strong presence abroad, its industrial agility and its leadership in terms of cost control. Thanks to the way it focuses on fluctuations in demand, OCP is quick to seize any opportunities presented by the market, especially in the field of “customised” fertilisers. As such, it has been able to consolidate its positions in Africa, and has increased its exports of phosphoric acid to Asia and of fertilisers to Europe and Latin America. Minerals have benefited from a slight price increase, largely offset by lower export volumes. Concerning phosphoric acid and phosphate fertilisers, the increase in export volumes is the result of the higher volumes sold compensating for the lower prices for the former and the drop in the cost of the most common fertiliser, DAP.
Source: le 360