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Morocco's extractive sector grew 3.7% through September 2020, with rock phosphate output up 5% in Q3. Rock phosphate exports rose 6% in volume and derivatives rose 11.5% through October, while OCP export turnover fell 2.2% over the first ten months of 2020 on lower prices.
Steady Moroccan rock phosphate and derivative export volumes support global phosphate fertilizer supply, limiting upside in DAP prices.
mjtnews.comSimo HadiouiJan 3, 2021Not enough comparable past events yet for a historical read.
After 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.
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.
