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Morocco's phosphate and derivative sales rose 84.3% in value to over 57.46 billion dirhams in the first half of 2022, according to the Foreign Exchange Office. The increase was driven by prices, which more than doubled year on year, while volumes fell 5.1%.
Higher phosphate prices, with volumes falling, show that export supply is tight and costly, which supports fertiliser and phosphate input prices for importers.
en.bladi.netSébastien A.Aug 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.
