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Morocco's OCP plans to supply India with about 1.7 million tonnes of fertilizers in 2023 under new deals, including 700,000 tonnes of a nitrogen-free product. Morocco reported a 54.8% rise in exports of phosphates and derivatives.
Large committed Indian purchases support phosphate export demand and provide some price floor for DAP and related fertilizers.
reuters.comJan 22, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
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.
