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Bank Al-Maghrib forecasts Morocco's export growth will slow from 29.4% in 2022 to 3% in 2023, citing an expected drop in phosphate and derivative exports. Fertilizer prices rose from about 4,775 dirhams per ton in 2021 to about 8,326 at end-2022.
Expected lower Moroccan phosphate export volumes could tighten supply of DAP and MAP, while the cooling of the 2022 price spike signals some easing ahead.
themaghrebtimes.comTheMaghrebTimes.comMar 24, 2023After 38 past neutral report events, DAP moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +1.6%), and +3.9% over 20.
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.
