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Rock phosphate in Morocco averaged US$152.5 per ton in December 2023, down 56% from US$347.5 in November. The price was also 49% below the US$300 per ton recorded in December 2022.
A steep drop in rock phosphate feedstock costs can ease input costs for phosphate fertilizer producers and downstream agricultural buyers, though the decline reflects weak demand and surplus supply.
fertiliserindia.comFertiliserIndia.comJan 7, 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.
