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The Morocco rock phosphate monthly spot price for February 2023 was US$322.5 per ton, up 7.5% from January. The price is 86% higher than the US$172.5 per ton recorded in February 2022.
Rock phosphate is the upstream input for phosphate fertilizers, so higher spot prices raise DAP and MAP production costs and support fertilizer prices for feed-grain growers.
fertiliserindia.comFertiliserIndia.comMar 7, 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.
