Loading…
OCP is benefiting from US competitor Mosaic abandoning a new assessment of customs duties on Moroccan phosphate exports to the US. OCP chief Mostafa Terrab highlighted the decision on 16 September.
Relief from potential US duties eases export costs for Moroccan phosphate, supporting steady supply of phosphate fertilizers to US buyers and limiting upward price pressure.
theafricareport.comEstelle MaussionSep 19, 2024After 40 past bearish trade events, DAP moved a median -0.1% over 5 sessions (38% higher; middle half -3.7% to +0.5%), and -2.4% over 20.
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.
