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OCP's sales to Brazil rose in 2019, according to its Q1 financial report, which showed total revenue up 20% year on year to about $2.8 billion. The company cited demand from India, a recovery in European demand, and a modest uptick in imports to Brazil.
It also said adverse North American weather kept inventories high.
Stronger Brazilian import demand for Moroccan phosphates supports DAP and TSP flows, but high inventories and lower sequential prices limit the price effect.
anba.com.brFrom the NewsroomMay 24, 2019After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
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.
