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Morocco's phosphate and derivative sales reached MAD 47.62 billion ($4.70 billion) through May, roughly double the same period of 2021. The Foreign Exchange Office attributed the rise to higher sales of natural and chemical fertilizers as buyers sought supply replacing reduced Russian phosphate exports.
Morocco's strong export pull indicates firm global phosphate demand while Russian supply is constrained, supporting phosphate and fertilizer prices for feed buyers facing higher input costs.
moroccoworldnews.comSafaa KasraouiJul 7, 2022After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
Not enough comparable past events yet for a historical read.
Not 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.
