The increase in Moroccan exports of phosphates and derivatives , observed since the beginning of the year, continues. As of the end of last September, revenues have increased sharply by 66.6%, instead of 45.4% a year earlier, according to the Directorate of Studies and Financial Forecasts (DEPF) of the Ministry of Economy and Finance.
At the end of last August, Moroccan phosphate and derivative exports increased sharply, reaching 7.89 billion dirhams (MMDH), an increase of 67.7% compared to a year earlier.
With 86% green energy coverage, the Office chérifien des phosphates (OCP) hopes to fully cover its needs by 2028. It is in this context that the group launched a call for tenders last July for a 258 MW solar project.
The British giant Rainbow Rare Earths has just concluded a tripartite agreement with the Moroccan phosphate and fertilizer group OCP and the Mohammed VI Polytechnic University for the extraction and processing of rare earths.
The first half of 2022 saw a surge in Moroccan exports of phosphates and derivatives.
By the end of May, Moroccan exports of phosphates and derivatives have almost doubled, reaching 47.62 billion dirhams (MMDH) compared to 13.43 MMDH in the same period last year.
In order to secure its crops, India intends to conclude agreements with Morocco to supply fertilizers. The kharif (summer crops) season is setting in.
The OCP group wants to strengthen its activities in Brazil. The construction of a unit is planned for the transformation of its products directly on site.
At the end of last March, the revenue from Moroccan exports of phosphates and derivatives almost doubled, reaching 24.54 billion dirhams (MMDH) compared to 13.43 MMDH a year earlier, thanks to the rise in prices.
Faced with shortages and rising prices of raw materials, Brazil is considering diversifying its sources of fertilizer supply. The country wants to increase its imports from several countries, including Morocco.
The Russia-Ukraine conflict is shaking up the global fertilizer industry. For the first time, Japan has begun importing phosphate from Morocco to secure its supply.
The Moroccan automotive industry has reached a record high in exports. At the end of August, the figures reached 52.25 billion DH, an increase of more than a quarter (+25.5%) year-on-year.