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Chatham Rock Phosphate commented on the recent surge in phosphate fertilizer prices, quoting Bloomberg's report on the 29% DAP and 34% lower-concentration phosphate jumps in US Midwest prices. The company highlighted the Morocco and Russia import duty investigation as the cause.
The commentary repeats the phosphate supply shock tied to possible US duties on Moroccan and Russian product, which supports higher phosphate costs for feed and crop producers. It adds no new fact beyond the Bloomberg report.
nzx.comOct 7, 2020Not enough comparable past events yet for a historical read.
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.
