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AGBI reports that Western sanctions on Russian trade have created an opportunity for Morocco to expand its fertilizer exports. Morocco is a major phosphate producer with large potash reserves, and the EU previously imported large volumes of fertilizer from Russia.
Loss of Russian fertilizer supply to Western markets shifts demand toward Moroccan producers, supporting phosphate and potash prices. This is an analysis piece on a trend already underway.
agbi.comChris Hamill-StewartNov 15, 2022Not enough comparable past events yet for a historical read.
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.
