
A Stockholm University study finds that the phosphorus supply chain lacks transparency, with up to 90% of phosphate lost from mine to fork. Global food production uses 53 million tonnes of phosphate fertilizers a year, processed from 270 million tonnes of rock.
The study says the market is tending toward a Moroccan monopoly.
The findings highlight concentration risk and reporting gaps in phosphate supply, which could affect long-term fertilizer prices. It is a research finding with no immediate price impact.
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.