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The Morocco rock phosphate price for May 2024 was set at US$152.5 per ton, unchanged from April and stable since December 2023. The level is 56% below the US$345 per ton recorded in May 2023.
A flat, low phosphate rock benchmark signals ample supply and weak demand for phosphate inputs, which keeps feed mineral and fertilizer costs contained for buyers.
fertiliserindia.comFertiliserIndia.comJun 17, 2024Not 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.
