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OCP remained the world's largest exporter of raw phosphate and phosphoric acid in 2019, though its raw phosphate market share fell from 38% to 34%. Raw phosphate exports dropped from 11 million to 9.5 million tons, partly due to lower North American orders after Nutrien closed plants.
Lower Moroccan export volumes and a shrinking market share point to tighter phosphate supply from the largest exporter, modestly supportive of phosphate prices. The effect is mostly on fertilizer markets.
moroccoworldnews.comMay 6, 2020Not enough comparable past events yet for a historical read.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% 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.
