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Phosphate rock prices have slumped about 30% since early 2019 and stabilised near $72.50 per tonne. Morocco, the second-largest phosphate producer, has been squeezed, with OCP shifting toward acid and fertiliser production to offset margin pressure.
Lower phosphate rock prices weaken input costs for fertiliser makers, which can ease DAP and MAP costs for farmers, though OCP's downstream push could tighten supply of value-added products over time.
doi.orgMar 10, 2020Not enough comparable past events yet for a historical read.
Not 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.
