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An overview of the African fertilizer market notes a slow start to 2020, with Algerian export licence delays now resolved and Sorfert, Trammo and others trading cargoes. It also reports higher freight rates and lower ammonia consumption at Moroccan plants.
Higher freight rates raise delivered fertilizer costs and can squeeze producer netbacks. Quieter Lunar New Year trade may slow deals in February.
bizcommunity.africaErmias Betemariam, Danette BreitenbachJan 21, 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.
