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Morocco rock phosphate averaged US$345 per tonne in March 2023, up 7% from February and 93% from March 2022 (US$178.75). The monthly spot price reflects a significant rise over the past year.
The price is reported as a monthly benchmark.
A rising rock phosphate benchmark signals higher input costs for DAP and other phosphate fertilisers, which can feed through to crop and feed-grain production costs. The year-on-year gain is large, though the monthly rise is modest.
fertiliserindia.comFertiliserIndia.comApr 8, 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.
