# Morocco’s phosphate exports surge on global price rally - WhyAfrica

> Morocco's export revenue from phosphates and derivatives rose 45% in the first eight months of 2021 versus the same period in 2020, according to Office des Changes data. The increase was largely price-driven, following a global rally in phosphate prices. Supply was cut after Hurricane Ida hit US production in late August, and US countervailing duties on Moroccan and Russian phosphate also constrained imports.

- Date: 2021-10-24 · published 2021-10-24T12:00:00.000Z
- Category: market · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/44880-morocco-s-phosphate-exports-surge-on-global-price-rally-whyafrica
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Tight phosphate supply and strong demand keep fertilizer costs elevated, which raises input costs for feed grain and oilseed growers and supports DAP and phosphate rock prices into the short term.

## Read by commodity

- DAP: bullish ▲
- PHOSROCK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2021-10-31 | 1 | +4.4% | 6.3 | Hurricane Ida supply losses and US duties on Moroccan and Russian phosphate restricted US imports, tightening supply and supporting DAP prices. |

## Sources

- whyafrica.co.za: https://www.whyafrica.co.za/moroccos-phosphate-exports-surge-on-global-price-rally/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.