# Norway challenges Morocco's position as top phosphate supplier

> Norway announced a large phosphate deposit estimated at at least 70 billion tonnes, close to the 71 billion tonnes of confirmed global reserves. The European Commission welcomed the find as a way to reduce EU dependence on foreign suppliers such as Morocco. Morocco's OCP responded with a Dh130 billion investment programme for 2023-2027.

- Date: 2023-07-09 · published 2023-07-09T12:00:00.000Z
- Category: geopolitics · region Norway · magnitude low
- Page: https://feedsoft.ai/events/35368-norway-challenges-morocco-s-position-as-top-phosphate-supplier
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

A major new reserve is a long-term bearish factor for phosphate rock pricing, though the deposit is 4,500 metres deep and years from production. The OCP expansion signals Morocco will keep adding supply, which limits upside in phosphate prices.

## Read by commodity

- DAP: bearish ▼
- PHOSROCK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2026-06-19 | [Morocco's OCP shifts to low-sulphur fertiliser, resumes full output](https://feedsoft.ai/events/19138-morocco-s-ocp-shifts-to-low-sulphur-fertiliser-resumes-full-output.md) | -4.2% | -1.9% |
| DAP | 2026-06-26 | [Fertilizer shipments begin exiting through Hormuz strait \| The Western Producer](https://feedsoft.ai/events/18704-fertilizer-shipments-begin-exiting-through-hormuz-strait-the-western-producer.md) | -4.2% | -0.0% |
| DAP | 2023-02-17 | [Farm inputs – endeavouring for a new equilibrium](https://feedsoft.ai/events/37259-farm-inputs-endeavouring-for-a-new-equilibrium.md) | -6.3% | -1.8% |

## Sources

- atalayar.com: https://www.atalayar.com/en/articulo/economy-and-business/norway-challenges-moroccos-position-top-phosphate-supplier/20230703181130187642.html

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