{"id":214539,"date":"2019-05-24T19:00:02","date_gmt":"2019-05-24T22:00:02","guid":{"rendered":"https:\/\/anba.com.br\/?p=214539"},"modified":"2019-06-30T11:39:38","modified_gmt":"2019-06-30T14:39:38","slug":"ocp-of-moroccos-exports-to-brazil-up","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/ocp-of-moroccos-exports-to-brazil-up\/","title":{"rendered":"Sales to Brazil go up for Morocco\u2019s OCP"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 Morocco\u2019s fertilizer manufacturing conglomerate the\u00a0<a href=\"http:\/\/www.ocpgroup.ma\/en\" target=\"_blank\" rel=\"noopener noreferrer\">OCP Group<\/a> saw its sales to Brazil go up this year. The information was made public in the company\u2019s Q1 financial report, according to which total revenue climbed 20% year-on-year.<\/p>\n<p>OCP grossed MAD 12.5 billion \u2013 or USD 2.8 billion \u2013 in Q1 2019, up from MAD 10.4 billion (USD 1.13 billion) in Q1 2018, Morocco\u2019s official news outlet\u00a0<em>Maghreb Arabe Presse (<\/em><a href=\"http:\/\/www.mapnews.ma\/en\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>MAP<\/em><\/a><em>)<\/em>.<\/p>\n<p>The OCP Group said market conditions were in line with its expectations, with prices higher than in Q1 2018, but lower than towards the end of the year, coupled with high inventory levels and lower raw material prices.<\/p>\n<p>\u201cDemand from India remained somewhat stronger than anticipated despite high inventory levels; European demand recovered from last year\u2019s lows, and there was a modest up-tick in imports to Brazil,\u201d OCP said in its report. The company also said adverse weather conditions in North America took a toll during the spring planting season, thereby keeping inventories high.<\/p>\n<p>OCP reported that its Q1 revenue growth was broad-based, driven by a combination of higher volumes and improved pricing compared to last year\u2019s first quarter, although prices trended significantly lower on a sequential basis.<\/p>\n<p>The conglomerate reported EBITDA at MAD 4.3 billion (USD 456 million) in Q1, up 72% from MAD 2.5 billion (USD 273 million) in Q1 2018. Operating profit was MAD 2.5 million (USD 265 million), up more than 100% from MAD 1.15 billion (USD 126 million) in Q1 2018.<\/p>\n<p>OCP informs that it is the world\u2019s leading phosphate producer and one of the major players in the industry. It has access to the biggest phosphate rock reserves in the world. Established in 1920, it currently employs 21,000 people.<\/p>\n<p><strong>Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-214516\">\u00a9Fadel Senna\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The fertilizer manufacturer saw revenue climb 20% in Q1, with results driven by markets including Brazil.<\/p>\n","protected":false},"author":2316,"featured_media":214516,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[102],"tags":[2792,416,12627,8752,8578],"class_list":{"0":"post-214539","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-agribusiness","8":"tag-fertilizer","9":"tag-morocco","10":"tag-ocp-group-ar","11":"tag-ocp-group","12":"tag-phosphate"},"wps_subtitle":"The fertilizer manufacturer saw revenue climb 20% in Q1, with results driven by markets including Brazil. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/214539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=214539"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/214539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/214516"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=214539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=214539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=214539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}