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Chatham Rock Phosphate issued a quarterly update citing a merger with Avenir Makatea announced in December, share price gains on its three exchanges, and an oversubscribed private placement. The company noted triple superphosphate rose from $240 to $337 per tonne over seven months.
Rising triple superphosphate prices reflect tight phosphate fertilizer supply, which raises feed phosphate and crop input costs for livestock producers. The update is company-level investor news with limited direct effect on feed prices.
oceanmining.newsPoseidonFeb 16, 2021Not 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.
