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Morocco's Directorate of Financial Studies reported OCP phosphate export transactions rose 23.8% in the first half of 2021, reaching MAD 31 billion. Phosphate production grew 2% nationally, but was projected to fall 1.8% in the second quarter.
Strong export demand combined with slowing production in Morocco supports phosphate prices for fertilizer and feed phosphate buyers.
moroccoworldnews.comSafaa KasraouiAug 23, 2021Not enough comparable past events yet for a historical read.
After 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.
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.
