Loading…
Morocco is set to sign a long-term agreement with India to export rock phosphate, with India's chemicals minister due in Rabat on January 13-14. Under the planned joint venture, public and private players would mine, produce and ship fertilisers to India.
India imports up to 40% of its roughly 50 million tonnes of annual fertiliser needs.
A long-term offtake deal locks in demand for Moroccan rock and fertilisers, tightening available supply and supporting phosphate prices. Other government agreements could follow.
agbi.comGavin GibbonJan 11, 2023Not 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.
