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Morocco's phosphate and derivative exports reached $10.6 billion (MAD 108 billion) by the end of November 2022, up 54.8% year on year, according to the DEPF economic report for January 2023. Phosphate rock sales abroad were $1.2 billion, while derivative shipments rose 54.7%.
Extractive-sector turnover fell 7.7% over the first nine months of 2022 as phosphate rock output declined.
The strong export value reflects high phosphate fertiliser prices, which raise input costs for feed-grain and oilseed producers. The falling rock output points to tighter Moroccan supply, which supports phosphate prices.
moroccoworldnews.comSara ZouitenJan 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.
