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Ragn-Sells analysis of EU Commission data shows EU imports of phosphate rock from Russia rose 28% in the first quarter of 2026, to close to €54 million. Russia is now the EU's largest source, and the EU's only phosphate mine supplies less than 10% of agricultural demand.
Heavy EU reliance on Russian phosphate rock raises supply-security concerns that can support phosphate prices in Europe.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.