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Global demand for Moroccan phosphate is rising after Western sanctions and the war disrupted Russian exports. India plans to increase phosphate imports from Morocco, Canada and Israel for the summer season, and Brazil is seeking fertilizer alternatives.
Shifting import demand toward Moroccan phosphate tightens available phosphate supply and supports prices for DAP and phosphate rock used in feed and fertilizer.
moroccotelegraph.comLoubna RabhaniMar 17, 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.
