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Morocco's phosphate and derivatives exports reached $11.31 billion in 2022, up 43.9% year on year, driven by a 74.4% rise in the price effect. Export volumes fell 11.8% over the same period, according to the Exchange Office.
Morocco holds about 75% of world phosphate rock reserves, so its export volumes and pricing set the global phosphate and DAP tone. The data confirms high 2022 prices, though the volume decline points to tighter physical supply.
moroccoworldnews.comSafaa KasraouiFeb 3, 2023After 66 past bullish report events, DAP moved a median 0.0% over 5 sessions (41% higher; middle half -0.6% to +0.7%), and +0.3% 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.
