Phosphate prices fall globally and OCP transactions drop from 114 billion to 91 billion dirhams

The Office Chérifien des Phosphates (OCP) announced its financial results for the past year, marked by a drop in the selling prices of phosphate and its derivatives on the world market.

In this regard, OCP specified that the amount of transactions for the past year stabilized around 91.27 billion dirhams, compared to more than 114.57 billion dirhams the previous year.

As for the group's profits, they also decreased, with gross profit before taxes totaling 29.39 billion dirhams, while it was 50 billion dirhams in 2022.