Morocco

The Moroccan fertilizer producer says currency changes, lower sales volumes, and tensions in the Middle East affected first-quarter results, even as demand for phosphate fertilizers stayed firm in key markets.

Morocco’s OCP Group ranked among the world’s top 50 chemical brands after strong financial growth and a major US dollar bond deal.

The decision comes as Morocco anticipates improved cereal production following stronger rainfall during the current agricultural season, offering relief after several years of drought-related disruptions that severely affected crop yields and increased dependence on imports.

The proposed bill aims to lower input costs for American farmers as global supply strains push prices higher.

Favourable rains lift crop outlook, with lower wheat imports expected next season.