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OCP and PhosAgro are shifting their phosphate trade flows in 2020, with PhosAgro gaining share in West African NPK markets traditionally dominated by OCP. OCP has meanwhile increased its sales into Europe.
The analysis considers whether these changed trade patterns will persist over the long term.
Shifts in NPK export destinations can alter regional phosphate availability and pricing, particularly in West Africa and Europe. The impact on feed commodity prices is limited.
crugroup.comAuthor Chris Lawson, Glen Kurokawa Nitrogen Phosphates NP/NPKsJun 24, 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.
