Phosphate rock prices were mostly stable quarter-on-quarter in Q3 2025, with high-grade rock rising and lower grades under pressure. Morocco's January-June exports rose 26% to 3.42 Mt, with India remaining its top buyer.
Algerian exports fell 20% in H1 due to mine maintenance, while Algeria kept its Q3 prices unchanged.
Phosphate rock is the raw material for DAP, MAP and TSP, so firmer high-grade rock and reduced Algerian supply can support phosphate fertilizer costs for feed buyers. Diversified Moroccan export flows limit the upside.
Not enough comparable past events yet for a historical read.
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.