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Syrian rebel forces led by HTS ousted the Assad government on 8 December, raising uncertainty over Syria's phosphate rock output and exports. Syria had recovered to over 1.9 Mt of rock exports in 2023, its highest in 12 years, under Russian-linked management.
Russia's possible pullback could disrupt supply further.
Syria has become a key rock supplier amid globally tight export availability, so any disruption would add upward pressure on already high phosphate prices, raising costs for feed-mix mineral inputs.
bcinsight.crugroup.comJan 22, 2025Not enough comparable past events yet for a historical read.
After 114 past bullish geopolitics events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +1.2%), and +0.3% 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.
