# Morocco Rock Phosphate Monthly Spot Price: March 2023 -

> 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.

- Date: 2023-04-08 · published 2023-04-08T12:00:00.000Z
- Category: market · region Morocco · magnitude medium
- Page: https://feedsoft.ai/events/36744-morocco-rock-phosphate-monthly-spot-price-march-2023
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

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.

## Read by commodity

- DAP: bullish ▲
- PHOSROCK: bullish ▲

## Sources

- fertiliserindia.com: https://fertiliserindia.com/morocco-rock-phosphate-monthly-spot-price-march-2023/

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