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India's fertiliser output fell to a five-year low in March due to gas shortages, higher energy costs and Middle East trade disruptions. Morocco's OCP is increasing phosphate supply to India, which has secured about 2.5 million tonnes of Moroccan fertiliser.
Indian urea and phosphate demand ahead of monsoon season tightens global nitrogen and phosphate supply, supporting fertiliser prices and raising farm input costs for feed grain producers.
en.7news.ma7NewsMApr 21, 2026After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
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.
