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Morocco's state-owned OCP Nutricorp plans to raise its TSP production capacity to 7 million metric tons by the end of 2025, up from 5 million tons reached last month. The increase comes from two new production lines at Jorf Lasfar, and the company produced 2.7 million tons of TSP last year.
Added TSP capacity from a major exporter could ease global phosphate supply and weigh on prices if demand stays subdued, though the increase is gradual and the effect is modest.
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.