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A Middle East Institute report warns that Morocco's role in supplying phosphate fertilizer to Africa is at risk from high energy prices and climate change. Morocco holds about 75% of the world's phosphate rock reserves, and its state miner OCP held a 54% share of fertilizer exports to Africa in 2020.
Morocco's dominant position in phosphate supply means any energy-cost or climate disruption there can tighten global phosphate supply and support fertilizer prices.
dw.comNik MartinFeb 2, 2022Not 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.
