---

**IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20240328-ocp-sees-fall-in-revenue-for-2023/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page.

---

# OCP sees fall in revenue for 2023

Publication Date: 28.03.2024, 17:30

The group's revenue in 2023 came to $9bn, down from $11.4bn the previous year.

Morocco’s state-owned OCP Group has said that its revenue in 2023 came to $9bn, down from $11.4bn the previous year, local media reported on Thursday.

According to the North Africa Post, the chemical giant attributed the fall in revenue to a decline in the selling prices of its products following the market disruptions of 2022.

OCP was quoted as saying that the decline in fertilizer prices was to some extent offset by a drop in Chinese phosphate exports and growing demand in the US, Brazil, and India.

The group’s profit reportedly stood at $138mn, down sharply from 2022 levels.

---

**About Fertilizer Daily:**

Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales.

We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.