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Bloomberg reports Tunisia aims to double phosphate output to 8 million tons by 2024 from 3.9 million, to capture revenue from surging food and fertilizer prices. The plan targets a government revenue boost for the economically troubled country.
Expanded Tunisian output would add future phosphate supply, but the target is years away and does not change near-term tightness.
bloomberg.comSalma El WardanyJan 12, 2022Not 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.
