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CRU Group published an analysis noting Morocco holds over 70% of known phosphate rock reserves and more than 50 billion tonnes of rock, far above China's 3.2 billion tonnes. It explains that Morocco's high-grade rock sells at a premium for phosphoric acid production.
Morocco's dominant reserve position gives OCP outsized influence over global phosphate rock and DAP pricing, which matters for buyers tracking feed phosphate costs.
crugroup.comAuthor James MillsApr 20, 2023Not enough comparable past events yet for a historical read.
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.
