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Tunisia produced 3.34 million tonnes of crude phosphate in 2018, down 25% from 4.42 million tonnes in 2017, according to the national statistics institute. Recurring strikes by Gafsa Phosphate Company unions are blamed, and the company produced only half of its planned output.
Before 2011 Tunisia produced more than 6 million tonnes a year.
Lost Tunisian output tightens phosphate rock and DAP availability for importers, supporting prices, although the volume is small relative to global supply.
en.africanmanager.comAfricanManagerFeb 27, 2019Not enough comparable past events yet for a historical read.
After 31 past bullish logistics events, DAP moved a median +0.5% over 5 sessions (58% higher; middle half -0.4% to +0.9%), and +1.6% over 20.
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.
