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Morocco's state phosphate firm OCP is on track for more than 131 billion dirhams in 2022 revenue, up 56% on 2021, as farmers scramble for phosphate. Demand has been pushed up by sanctions on Russia and a Chinese export ban, and OCP controls about 31% of international phosphate trade.
Sanctions on Russian supply and Chinese export curbs keep phosphate fertilizer tight, supporting DAP and rock prices and raising input costs for feed grain producers.
arabnews.comAFPDec 4, 2022After 114 past bullish geopolitics events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +1.2%), 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.
