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Incitec Pivot has restarted phosphate rock imports from OCP's Boucraa mine in Western Sahara, which it had stopped in 2016. The move follows supply difficulties linked to Russia's war on Ukraine.
Sourcing from a new origin shows buyers scrambling for phosphate rock supply, which supports phosphate prices while alternative supplies are constrained.
africaintelligence.comOct 4, 2022Not enough comparable past events yet for a historical read.
After 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.
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.
