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Morocco's Exchange Office reported phosphate and derivative exports fell 40.2% through July compared with a year earlier, to 40.8 billion dirhams (about $4 billion). Crude phosphate sales dropped 53% and phosphoric acid fell 46%, while Sharif Complex transactions declined 37% in the second quarter.
A sharp drop in Moroccan phosphate exports signals reduced global phosphate supply availability, which tends to support fertilizer prices for DAP and related phosphate products.
moroccoworldnews.comahmed-ntungwabonaSep 1, 2023After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% 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.
