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Russia's PhosAgro has overtaken Morocco's OCP as the world's largest fertiliser producer, according to Africa Mining Intelligence. The report also says Moscow and Riyadh are challenging Morocco in the African phosphates market, and that gas shortages are hampering OCP's fertiliser expansion plans in Ethiopia, Ghana and Morocco.
Gas shortages constraining OCP's output could limit phosphate fertiliser supply growth, supporting DAP prices, while competition from PhosAgro and Saudi producers adds supply in Africa.
africaintelligence.comNov 26, 2019Not enough comparable past events yet for a historical read.
Not 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.
