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Western Australian farmers are moderating phosphorus use amid concerns about finite global phosphate rock reserves. Australia imports about 80% of its phosphorus, and the Christmas Island mine is due to close within 15 years.
Long-run reserve and supply concerns are a structural theme, but the story describes farm-level practice changes rather than a new immediate supply shock.
abc.net.auJames LiverisJun 10, 2021After 38 past neutral report events, DAP moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +1.6%), and +3.9% 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.
