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Western Sahara's Polisario Front has filed for judicial review in New Zealand against the Guardians of New Zealand Superannuation over its investments in farms using phosphate from Western Sahara. The legal action argues the investments conflict with the fund's statutory obligations.
The dispute is reputational and legal rather than a supply shock, so it has little direct effect on phosphate fertiliser prices or availability.
asiatimes.comJohn McBethMar 13, 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.
