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Moroccan state-owned OCP plans a $7 billion green ammonia plant to secure supply. The company spends heavily on ammonia imports, which rose in price after the war in Ukraine.
The project targets future ammonia input security for phosphate production, with little immediate effect on fertilizer prices, so the price implication is minor for feed buyers.
reuters.comAhmed EljechtimiJun 20, 2023After 10 past neutral macro events, Urea moved a median -0.3% over 5 sessions (40% higher; middle half -0.7% to +2.5%), and -3.9% over 20.
After 45 past macro events, DAP moved a median -0.1% over 5 sessions (31% higher; middle half -1.1% to +1.1%), and -0.6% 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.
