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Fertiliser cooperative Ravensdown defended its importation of phosphate rock from Western Sahara after a union protest in New Zealand. A 30,000-tonne cargo on the Trans Spring was partly offloaded at Napier and continued to Lyttelton.
This is a localised supply-chain dispute in New Zealand with little effect on global phosphate rock flows or prices.
businessdesk.co.nzBrent MelvilleJun 24, 2020Not 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.
