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Morocco holds about 70% of world phosphate rock reserves, and Saudi Arabia is expanding production. Analysts expect the Middle East and North Africa region to grow in importance as demand rises in Asia, South America and Africa.
Long-run supply concentration in Morocco and Saudi Arabia supports the case for sustained phosphate fertilizer pricing power, though this is a structural outlook rather than a near-term price event.
agbi.comJonathan GorvettNov 17, 2023Not enough comparable past events yet for a historical read.
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.
