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Morocco's Department of Financial Studies and Forecasts reported that phosphate and derivative exports passed 100 billion dirhams by the end of October 2022, up 63% year on year. The gain was driven largely by higher prices, while rock phosphate production fell about 16% through September.
Export values rising on price rather than volume signal tight phosphate supply and firm DAP and rock prices, which feed into fertilizer costs for grain and feed producers.
archyde.comAlexandra Hartman Editor-in-ChiefDec 23, 2022After 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.
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.
