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Chatham Rock Phosphate notes that rock phosphate prices remain strong despite falling nitrogen and potash prices. It attributes the strength to payment restrictions and higher insurance premiums hindering phosphate fertilizer imports from Russia, along with Morocco's export moves.
Logistics and sanctions-related frictions limiting Russian phosphate flows support phosphate prices, keeping phosphate input costs elevated for livestock feed producers.
businessdesk.co.nzBD AIJun 27, 2023businessdesk.co.nzJun 27, 2023Not enough comparable past events yet for a historical read.
After 114 past bullish geopolitics events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +1.2%), and +0.3% over 20.
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.
