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A cargo ship carrying phosphate rock bound for New Zealand was stranded in a South African port after a court dispute over the source site in Western Sahara. The cargo was auctioned without buyers and will not reach New Zealand.
The article questions New Zealand's reliance on imported phosphate.
Supply disruption from Western Sahara legal disputes tightens access to phosphate rock, which supports fertilizer prices in the Asia-Pacific region. The impact is modest given the scale of the single cargo.
moroccotomorrow.orgAbout The Author zenAug 26, 2018Not 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.
