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L'Economiste reports that Morocco, a major phosphate fertilizer exporter, has an opportunity as Western and African governments raise concerns about global food security. It cites Fitch's upward fertilizer price revision and OCP's policy of limiting exports to keep a price premium.
The article also notes a UN memorandum with Russia on fertilizer supply.
Morocco's export discipline and the UN-Russia fertilizer arrangement shape phosphate availability, which affects fertilizer prices for grain and oilseed growers.
weekly.leconomiste.comL'Economiste Weekly highlightsSep 29, 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.
