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reports that New Zealand's government has said fertilizer importers Ravensdown and Ballance Agri-Nutrients should comply with international law over phosphate rock imports from Western Sahara. The government says no viable alternative source has yet been found.
Pressure on New Zealand importers to find alternative phosphate sources could reshape trade flows, but the effect on global phosphate prices is minor.
wsrw.orgMay 9, 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.
