USDA says the first cargoes from Morocco could arrive in New Orleans within days following the temporary removal of import duties.
The latest results show higher crop yields, stronger farm income, and wider use of science based farming practices across Morocco.
The funding will help expand fertilizer production, renewable energy capacity, water supply systems, and green ammonia manufacturing as OCP moves into the next phase of its investment plan.
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.