Rabat , August 2, 2011 (MAP)Morocco's exports of phosphates spiked 44% in the year up to June, reaching 22.8 billion dirhams compared to 15.8 billion dirhams last year, said Morocco's exchange rate monitoring body, Office des changes.Foreign sales of phosphates rose 47.3% hitting 5.72 billion dirhams up to the end of June, against 3.88 billion dirhams the same period last year.
Foreign sales of phosphates rose 47.3% hitting 5.72 billion dirhams up to the end of June, against 3.88 billion dirhams the same period last year.
Exports of natural and chemical fertilizers hiked 85% to stand at 9.4 billion dirhams, compared to 5.1billion dirhams last year, with a 32.4% rise in volume.
The Office des changes noted that the fertilizers’ average export price reached 4,724 dirhams per tonne, against 3,381 dirhams in June 2010.
Following the same rising trend, Phosphoric acid posted a 12.2% increase yielding 7.6 billion dirhams compared to 6.8 billion dirhams last year, despite a decline of 15% in volume.
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