How Morocco’s fertiliser giant OCP was shaken by the Hormuz crisis

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. 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.