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Morocco's OCP, the leading African phosphates supplier, is facing growing competition from Russia's PhosAgro and Saudi Arabia's Maaden, especially in West Africa. Heads of state and governments are directly involved in the competition, and OCP's African fertiliser plant plans have been slowed by gas supply shortages in Ethiopia and Ghana.
Increased competition among major phosphate exporters can put pressure on export prices and shift trade flows, though the effect on feed-relevant commodities is indirect. Gas constraints on new African capacity could tighten supply over time.
africaintelligence.comJun 22, 2020Not enough comparable past events yet for a historical read.
After 36 past neutral trade events, DAP moved a median +0.7% over 5 sessions (64% higher; middle half -0.0% to +2.1%), and +0.4% 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.
