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Morocco's phosphate and derivative exports rose nearly 67% year-on-year to MAD 91.8 billion ($8.63 billion) through September 2022, according to the DEPF. The increase was driven by higher selling prices, while export volumes of phosphate fell.
Higher phosphate export values reflect tight global phosphate supply, which keeps fertilizer costs elevated for feed-grain producers. Falling volumes alongside rising prices point to supply constraints rather than demand strength.
moroccoworldnews.comSafaa KasraouiNov 24, 2022Not 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.
