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Moroccan phosphate and derivative export revenue almost doubled in March to 24.54 billion dirhams from 13.43 billion a year earlier, driven by higher fertilizer prices. Agri-food exports also rose 14.9% in the first quarter.
Strong Moroccan export revenue shows that high phosphate prices are holding, which keeps DAP and fertilizer costs elevated for buyers.
en.bladi.netArmelMay 6, 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.
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.
