First Independent Mena Newspaper
Morocco’s phosphates and fertilizers producer OCP posted an all-time-high profit of 1.6 billion dirhams in 2021, up 272% as the company benefits from the surge in prices of phosphates and derivatives and the high demand on fertilizers. OCP’s total earnings nearly doubled to 84.3 billion dirhams the same year, a boon to public finances hit […]
Soaring prices of fertilizers due to Russia-Ukraine war has pushed a bipartisan group of sixty members of the US Congress and farmers to reach out to the US International Trade Commission (ITC) to address the strain on the fertilizer supply by eliminating duties on phosphate fertilizer products imported from Morocco. US Representatives Cindy Axne, Tracey […]
Morocco’s phosphates producer OCP plans to increase its fertilizers output to 11.9 million tons this year, compared with 10.8 million tons last year, as it sees a growing demand from India, the Americas and Africa at a context of market turbulences and higher crop nutrient prices. Russia said it would not export its fertilizers and […]
The Russia-Ukraine war is reshaping the global trade & supply chain as Western nations have imposed severe economic and financial sanctions on Moscow for its invasion of Ukraine. Morocco is the 3rd supplier of fertilizers to Brazil after Russia and Belarus. To avoid a shortage of the nutrients due to the international sanctions and escalating […]
Morocco’s OCP and Israel’s ICL signed a memorandum of understanding to support sustainability programs at Mohammed VI Polytechnic University (UM6P) and Ben-Gurion University of the Negev (BGU). Under this deal the two partners will offer scholarships to students from the two universities and promote exchange opportunities for academic and professional staff. This cooperation covers a […]
Morocco’s phosphates and fertilizer producer OCP has over the last 6 years launched a program aiming at bringing customized fertilizers closer to the African market with fair prices and has rolled out training programs on best practices to improve output benefiting so far 1 million African farmers. The goal was to support the African farmer […]
Morocco’s phosphates and fertilizers producer OCP posted a 4% increase in its revenues in 2020 to 56.2 billion dirhams as volumes offset a drop in prices. The group said exports of phosphates-based fertilizers rose 12% following higher demand in India and Brazil. ‘’OCP achieved significant growth in 2020, one of the most challenging business periods […]
Morocco’s phosphate group, OCP, has secured a $350 million loan facility from the African Export-Import Bank (Afreximbank) that will support the Group’s expansion plans across Africa. The Pan-African multilateral EXIM Bank announced earlier this week the signing of the 7-year $350 million term loan facility to provide financing to OCP Group. The bank, through its […]
The Polisario and its mentor Algeria failed once again in bringing a case in New Zealand against a sovereign fund that imports Moroccan phosphates. The high court in New Zealand has rejected a complaint by the Polisario against the sovereign fund which it said has authority to make investments in line with local laws. […]
Following the telephone conversation held last month between King Mohammed VI and President Muhammadu Buhari, a Nigerian delegation led by minister of Petroleum Resources Timipre Marlin Sylva is visiting Morocco to set out the next steps of the $1.3 Bln fertilizer production plant project launched in June 2018. Spearheaded by OCP Group and the Nigeria […]