How Morocco’s fertiliser giant OCP was shaken by the Hormuz crisis
AI Summary
The reopening of the Strait of Hormuz has alleviated pressure on fertilizer markets but revealed Morocco's OCP's dependence on imported sulfur and ammonia. The Hormuz crisis impacted the fertiliser supply chain significantly.
The reopening of traffic through the Strait of Hormuz has eased pressure on fertiliser markets. But it has also exposed the Moroccan phosphate champion’s reliance on imported sulphur and ammonia.
World Politics Markets Commodities Energy fertilizer market Hormuz Strait Morocco OCP sulfur import ammonia dependency