What does OCP stand for Morocco?

What does OCP stand for Morocco?

The OCP Group (OCP S.A.) (formerly Office Chérifien des Phosphates) is a Moroccan state-owned phosphate rock miner, phosphoric acid manufacturer and fertilizer producer.

What is OCP Africa?

A subsidiary of OCP Group – A leading global provider of phosphate and its derivatives with almost 100 years of experience – OCP Africa was created in 2016 to contribute to the sustainable development of African agriculture.

Who owns Morocco’s phosphate?

The phosphate rock from the territory comes from the Boucraa mine, which is run by the Moroccan state-owned OCP via its subsidiary Phosphates de Boucraa (Phosboucraa). OCP has said in the past its production capacity in Western Sahara is 2.6 million tonnes a year, around 8% of its total extraction capacity.

What is OCP fertilizer?

OCP produces binary fertilizers Di-Ammonium Phosphate (DAP) and Mono-Ammonium Phosphate (MAP), and full phosphate blend Triple Super Phosphate (TSP). MAP, TSP and DAP fertilizers can all be used directly or in blended, customized solutions.

Who buys phosphate from Morocco?

In 2019, the biggest buyer of phosphates from Morocco’s southern region became India, followed by New Zealand, China, and Brazil. In 2018, sales of phosphates from the region reached 1.9 million tons. Canada bought approximately 50% of phosphate production in Western Sahara at the time.

What is the price of phosphate?

The price of phosphate rock, which is used in the production of phosphate fertilizers, stood at 76 U.S. dollars per metric ton in 2020.

What is phosphate used for?

Phosphate rock is processed to produce phosphorous, which is one of the three main nutrients most commonly used in fertilizers (the other two are nitrogen and potassium). Phosphate can also be turned into phosphoric acid, which is used in everything from food and cosmetics to animal feed and electronics.

Why is there so much phosphorus in Morocco?

Morocco claims 75 percent of the planet’s known reserves of phosphorus, an essential ingredient in commercial fertilizer. That gives the North African country a near-monopoly on the multibillion-dollar global trade of the mineral mined from phosphate rock, with clients on every continent.

What country has 75% of the phosphorus rock?

What is the price of phosphorus per gram?

Cost of Phosphorus The price of pure phosphorus is $0.3 per gram.

How do I invest in phosphorus?

One way investors can invest in phosphate is by buying shares of an exchange-traded fund that includes exposure to phosphate. The VanEck Agribusiness ETF (ARCA:MOO) is one example. However, most market participants choose to invest directly in phosphate-focused companies.

How much money does Morocco make from phosphate?

According to data from the Moroccan Foreign Exchange Office, in 2011 phosphate revenues in the country accounted for $4.2 billion in the national purse. In 2020, the figures increased to approximately $5.7 billion, which amounts to nearly a 27% increase in the country’s income through phosphate.