Loading…
A market note reports OCP plans to expand fertiliser capacity to 20 million tons per year and ore output to 70 million tons by 2027. It also cites Indian DAP CFR prices falling to $571 per ton and Bangladesh approving 2023-24 DAP, MOP and TSP import requirements.
Falling Indian DAP offers and expanding Moroccan capacity point to softer phosphate prices, while Bangladesh's import approvals support near-term demand.
kelewell.deAntonia ZApr 18, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
Indian DAP CFR prices falling to $571/t shows the key import-benchmark decline underlying the move, while planned OCP capacity expansion adds a bearish supply outlook.
