# Future is rosy for Mena phosphate producers | AGBI

> 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.

- Date: 2023-11-17 · published 2023-11-17T12:00:00.000Z
- Category: market · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/33485-future-is-rosy-for-mena-phosphate-producers-agbi
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

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.

## Read by commodity

- DAP: neutral
- PHOSROCK: neutral

## Sources

- agbi.com: https://www.agbi.com/analysis/industry/2023/11/future-is-rosy-for-mena-phosphate-producers/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.