Sales of phosphate and its derivatives in Morocco dropped to 46.87 billion dirhams in August 2023, although still at higher levels than the period between 2019 and 2021, according to Morocco’s Foreign Exchange Office, “L’Office de Change.”
The Office de Change attributed the decline to a 35.1 percent decrease in sales of natural and chemical fertilizers, a 46.8 percent decline in sales of phosphoric acid, and a 56.2 percent decrease in phosphate sales.
Overall sales in the agriculture and food industries sectors increased slightly during the first eight months of 2023, linked to an increase in exports of agricultural produce, silviculture and hunting by 1.8 percent. However, the food industry sector decreased 2.8 percent during the same period.