The invention discloses equipment and a method for producing yellow phosphorus from middle-low-grade phosphate ore. The yellow phosphorus production equipment can be used for preparing the yellow phosphorus from the middle-low-grade phosphate ore, further improves an energy utilization efficiency and effectively controls pollutant generation at the same time. The yellow phosphorus production equipment comprise a grinding unit, a ball making and drying unit, a reduction reaction unit, a furnace slag cooling unit and a separating and purifying unit, wherein the grinding unit comprises a grindingdevice and an air conveying device; the ball making and drying unit comprises a mixer, a ball making machine and a drying machine; the reduction reaction unit comprises a high temperature flue gas generation furnace and a reaction phosphorus furnace; the separating and purifying unit is communicated with the reaction phosphorus furnace, the high temperature flue gas generation furnace and the furnace slag cooling unit; the furnace slag cooling unit is communicated with the ball making and drying unit. The invention further discloses the method for producing the yellow phosphorus from the middle-low-grade phosphorus ore. According to the equipment, heat contained in CO and high temperature furnace slag is comprehensively utilized, and a part of fuel is supplemented at the same time, so that the energy utilization efficiency is improved.