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Peru plans to buy fertilisers from Morocco, Venezuela and Bolivia to offset rising prices and falling yields, pending approval of an emergency decree. Morocco holds about 75% of world phosphate rock reserves and its exports almost doubled in the year to March 2022.
New state-backed import demand from Peru adds to competition for phosphate supplies from Morocco, which supports DAP and phosphate rock prices.
moroccoworldnews.comSafaa KasraouiMay 9, 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.
