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Morocco's phosphate sales from the Boucraa mine in Western Sahara fell sharply, mainly because a client ended a contract and repurposed its phosphate plants. Lost North American orders are cited as a factor in the decline.
A drop in Moroccan phosphate exports reduces supply availability, but the client-specific contract loss is a modest factor for global DAP prices.
forbes.comDominic DudleyFeb 23, 2020Not enough comparable past events yet for a historical read.
After 36 past neutral trade events, DAP moved a median +0.7% over 5 sessions (64% higher; middle half -0.0% to +2.1%), and +0.4% 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.
