# Chatham Rock Phosphate Limited Quarterly Update - Ocean Mining News

> 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.

- Date: 2021-02-16 · published 2021-02-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/48949-chatham-rock-phosphate-limited-quarterly-update-ocean-mining-news
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

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.

## Read by commodity

- PHOSROCK: bullish ▲

## Sources

- oceanmining.news: https://oceanmining.news/2021/02/16/chatham-rock-phosphate-limited-quarterly-update-2/

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