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reports that 23 vessels shipped about 1.23 million tonnes of phosphate rock from occupied Western Sahara in 2022. It estimates Morocco's income from the territory at up to US$655.5 million.
The report names buyers of this rock and says the trade remains profitable due to high phosphate prices.
The report highlights supply-chain and reputational risk for buyers of Moroccan phosphate, though volumes are small relative to global trade. It has limited direct effect on phosphate prices.
wsrw.orgApr 24, 2023Not 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.
