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Mexico has resumed imports of Moroccan phosphate after a three-year suspension, with a shipment from OCP arriving at the port of Pajaritos for Innophos. The resumption follows a diplomatic detente between Mexico and Morocco.
Restored Moroccan supply adds some phosphate import demand into Mexico, a modest offset to tight global phosphate supply and a marginal support for phosphate prices.
phosphateprice.comDesktopSep 9, 2021After 36 past neutral trade events, DAP moved a median +0.7% over 5 sessions (64% higher; middle half -0.0% to +2.1%), and +0.4% over 20.
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.
