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Morocco's OCP Group says its Africa Fertilizer Complex, launched in 2016 at Jorf Lasfar, produces nearly one million tons of fertilizer a year for Africa. OCP plans new facilities to lift output to three million tons annually.
The company says demand currently exceeds supply.
Planned capacity growth from the largest phosphate producer would add supply to African fertilizer markets over time, which is a modest bearish factor for phosphate and DAP prices once the capacity comes online.
moroccoworldnews.comtarek-bazzaDec 24, 2018After 40 past bearish trade events, DAP moved a median -0.1% over 5 sessions (38% higher; middle half -3.7% to +0.5%), and -2.4% 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.
