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Platts is changing its FOB Morocco phosphate rock pricing methodology, effective July 3, to reflect only quarterly contract prices between OCP and verified buyers. The assessment will be renamed with a CP designation and keeps its database code.
Feedback is open until June 3.
The shift to contract-only pricing removes spot signals from the Moroccan phosphate benchmark, which could slow reported price moves. Fertilizer buyers should account for this when hedging phosphate costs.
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.