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Morocco's phosphate export value fell 25% year-on-year in the first two months of 2023, to MAD 10.9 billion from MAD 14.6 billion. The drop follows record 2022 exports and reflects fertiliser prices falling about 10-12% per month, with OCP reporting weaker quarterly profit.
Lower export values and falling fertiliser prices signal easing phosphate and fertiliser costs, which benefits feed producers' input cost outlook.
moroccoworldnews.comjihane-rahhouApr 2, 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.
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.
