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Morocco's phosphate rock output grew 15.1% in the first half of 2025, with the second quarter up 18.1%. Phosphate and derivative exports reached $5.7 billion over the first seven months, up 20.9% year on year.
Rising Moroccan output adds to phosphate supply, which can ease prices, while the export growth points to steady global demand for phosphate products.
Not enough comparable past events yet for a historical read.
After 38 past neutral report events, DAP moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +1.6%), and +3.9% over 20.
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.