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Finnish firm Outotec agreed with Morocco's OCP on an 80 million euro deal to build a sulphuric acid plant for fertiliser production. The plant supports phosphate processing capacity in northern Morocco.
Added sulphuric acid capacity lets OCP expand phosphate fertiliser output over time, a modestly bearish factor for DAP prices.
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.