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Moroccan exports of phosphates and derivatives reached about MAD 24.6 billion ($2.5 billion) by the end of March, nearly double the year-earlier level, according to Foreign Exchange Office data. The increase is attributed to higher sales of natural and chemical fertilizers as Russian supply was disrupted.
Strong export values reflect high phosphate prices and firm global demand, which keeps fertilizer input costs elevated for grain and feed producers.
moroccoworldnews.comSafaa KasraouiMay 5, 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.
