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Incitec Pivot Fertilisers imported about 33,000 tonnes of rock phosphate from Western Sahara into Geelong, Australia, worth roughly A$15 million, after Vietnamese supply was disrupted. The Maritime Union of Australia criticised the purchase as potentially a war crime.
Disrupted Vietnamese phosphate rock supply forced Australian buyers to source from new origins, a tightening factor for phosphate rock and single super phosphate costs.
farmonline.com.auGregor HeardOct 23, 2022Not 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.
