# Morocco’s Phosphate Sales Doubled To Reach $4.70 Billion in May

> 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.

- Date: 2022-07-07 · published 2022-07-07T12:00:00.000Z
- Category: trade · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/40816-morocco-s-phosphate-sales-doubled-to-reach-4-70-billion-in-may
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

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.

## Read by commodity

- DAP: bullish ▲
- TSP: bullish ▲
- PHOSROCK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2022-05-05 | [Moroccan Phosphate Exports Nearly Double, Reach $2.46 Billion in March](https://feedsoft.ai/events/41743-moroccan-phosphate-exports-nearly-double-reach-2-46-billion-in-march.md) | 0.0% | -12.2% |
| DAP | 2023-09-01 | [Moroccan Phosphate Exports See Steep Decline to $4 Billion in 2023](https://feedsoft.ai/events/34432-moroccan-phosphate-exports-see-steep-decline-to-4-billion-in-2023.md) | -0.7% | +0.3% |
| DAP | 2022-11-24 | [Morocco’s Phosphate and Derivative Exports Hit $8.63 Billion in September](https://feedsoft.ai/events/39008-morocco-s-phosphate-and-derivative-exports-hit-8-63-billion-in-september.md) | -3.8% | -8.3% |
| DAP | 2022-10-05 | [Phosphate Exports in Morocco Rose by A Record 68% in 2022](https://feedsoft.ai/events/39464-phosphate-exports-in-morocco-rose-by-a-record-68-in-2022.md) | -1.7% | -6.2% |
| DAP | 2021-03-11 | [Mosaic - Morocco and Russia Subject to Phosphate Fertilizer Import Duties](https://feedsoft.ai/events/48049-mosaic-morocco-and-russia-subject-to-phosphate-fertilizer-import-duties.md) | -0.6% | +1.1% |

## Sources

- moroccoworldnews.com: https://www.moroccoworldnews.com/2022/07/43955/moroccos-phosphate-sales-doubled-to-reach-4-70-billion-in-may/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.