First Independent Mena Newspaper
Japan is looking to Morocco to foster its food security in a global context marked by a surge in prices of soil nutrients on the back of the supply disruption created by the Russia-Ukraine conflict. Japanese deputy agriculture minister Takebe Arata told the media during his visit to Rabat that his country is seeking larger […]
The revenues of the Moroccan state-owned phosphate group OCP reached $2.67 billion in the first quarter of 2022, up from $1.59 billion reported the same period last year. The record results achieved by OCP in 2021 have continued in the first quarter of 2022, driven by strong market conditions and operating efficiencies, says the OCP […]
Morocco’s OCP Group is set to open a new phosphate fertilizer manufacturing plant in Brazil, announced Brazil’s Agriculture Minister on Twitter earlier this week. The move contributes to the stabilization of the market amid a global shortage in fertilizers and their inputs because of the COVID-19 pandemic, a shortage that was worsened by the conflict […]
Morocco’s exports of phosphates and derivatives doubled in the first quarter of 2022 reaching $2.4 billion against $1.3 billion reported same period last year. According to latest data published by Moroccan Exchange Control Office, the positive financial results achieved by the state-owned phosphate OCP group are due to fertilizers’ higher prices which surged from $296 […]
Brazil’s Agriculture Minister Marcos Montes is expected in Morocco this week to seek more fertilizers for his country after a halt of Russian exports, Reuters reported. Brazil relies on imports for about 85% of its fertilizer needs and is concerned about a potential global shortage of the products after Western nations imposed sanctions on key […]
Morocco’s Phosphates (OCP) will help Côte d’Ivoire enhance agricultural competitiveness and strengthen the impact of local development policies on rural populations. To this end, the two sides signed Monday in Abidjan a framework agreement relating to the development of a strategic partnership between them. this strategic partnership agreement, covering an initial period of two years, […]
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 […]