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Morocco's OCP, which holds about 75% of world phosphate reserves and a 65% market share, plans African chemical plants and fertiliser blending operations. OCP said its 2018 sales fell as international prices dropped.
Expansion of downstream capacity by the dominant phosphate producer could add future supply, a mildly bearish factor for phosphate prices over time.
reuters.comAhmed EljechtimiMar 5, 2019Not 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.
