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Morocco's phosphate and derivative sales reached 25.23 billion dirhams in the first four months of 2024, up 4.7% year on year. Fertilizer exports rose, while phosphoric acid sales dipped slightly.
Strong Moroccan export growth points to healthy global phosphate supply, which tends to cap fertilizer price gains.
After 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.
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.