The closure of the Strait of Ormuz is shaking the global fertilizer market . Heavily dependent on raw materials from the Middle East, Morocco fears major disruptions to its phosphate exports, reviving concerns about global food security.
The floods in Morocco have devastated citrus plantations in the Gharb and Loukkos regions. Between root asphyxiation and tree losses, producers are warning of a drop in production that will have a lasting impact on exports and the local market.
The 2024–2025 report by the Court of Auditors reveals a critical gap between the production costs of desalinated water and the prices charged to consumers . Despite production costs sometimes exceeding 23 dirhams per cubic meter, the prices charged remain heavily subsidized by the state or public groups to guarantee access to this resource.
Since 2021, the imposition of countervailing duties on Moroccan phosphate fertilizers has created trade tensions. Washington could once again review these duties.
The United States has revised the countervailing duty rate imposed on the Moroccan giant, OCP, "for alleged subsidies".
Despite the tensions that have escalated in recent years, there is a need for rapprochement between Morocco and Algeria to develop economic partnerships.
On the sidelines of the state visit of President Emmanuel Macron to Rabat, the Cherifian Office of Phosphates (OCP) has concluded a partnership with the French industrial energy group Engie for projects in green hydrogen and renewable energy. What to remember from this agreement?
The Royal Moroccan Football Federation (FRMF), the Moroccan group OCP and other private partners signed on Tuesday a convention for the creation of a National Fund dedicated to the professionalization of football training centers and the promotion of young talents.
The global phosphate giant, OCP, has become the majority shareholder of the La Mamounia hotel following the state’s sale of its stake in the establishment. This operation is part of the policy of divestment of assets deemed non-essential, aimed at financing national development initiatives.
The Moroccan group OCP will benefit from a loan of 2.2 billion dirhams, or nearly 200 million euros, from the European Bank for Reconstruction and Development (EBRD) for the construction of two seawater desalination plants.
The U.S. Department of Commerce (DOC) has decided to increase the customs duties on imports of Moroccan fertilizers from 2.12% to 14.21%. A decision that harms the interests of American farmers as well as the OCP group, which intends to appeal.
The inflation rate in Morocco will continue its downward trend, but will not return to its pre-2022 level, the High Commission for Planning (HCP) said in a recent report, noting growth of +3.3% in the fourth quarter of 2023, compared to +2.8% in the third quarter.