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Morocco rock phosphate spot price averaged US$320 per ton for July 2022, up 11% from US$287.5 in June and 256% above July 2021's US$125. The monthly spot price release tracks the sharp year-on-year rise in phosphate costs.
Rock phosphate is a key input for DAP and other phosphate fertilisers, so a rising rock price feeds through to higher fertiliser costs for farmers and feed-crop producers.
fertiliserindia.comFertiliserIndia.comAug 5, 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.
