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Morocco has become the EU's second-largest phosphate fertilizer supplier with a 24% share, behind Russia at 29%, according to Eurostat. Moroccan phosphate exports to the EU nearly tripled in July, and buyers are shifting away from Russian supply.
Shifting EU sourcing toward Morocco diversifies supply away from Russia and adds competition for phosphate, a mild bearish influence on European phosphate prices.
themoroccopost.comGeneral ReporterOct 28, 2024After 36 past neutral trade events, DAP moved a median +0.7% over 5 sessions (64% higher; middle half -0.0% to +2.1%), and +0.4% 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.
