# Morocco: A market mover in phosphates - CRU Group

> 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.

- Date: 2023-04-20 · published 2023-04-20T12:00:00.000Z
- Category: market · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/36725-morocco-a-market-mover-in-phosphates-cru-group
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Morocco's dominant reserve position gives OCP outsized influence over global phosphate rock and DAP pricing, which matters for buyers tracking feed phosphate costs.

## Read by commodity

- DAP: neutral
- PHOSROCK: neutral

## Sources

- crugroup.com: https://www.crugroup.com/en/communities/thought-leadership/2023/morocco-mining-indaba-a-significant-phosphates-producer/

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