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Morocco's phosphate exports grew 95.8% year on year in the first two months of 2022, reaching MAD 14.2 billion. The growth was driven by surging global fertilizer prices.
Strong export demand for Moroccan phosphates confirms tight global phosphate supply and supports higher phosphate rock and fertilizer prices.
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.