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Greece has revived phosphate imports from mines near Palmyra, Syria, which are now developed by Russian investors. EU phosphate imports from Syria more than tripled between December 2017 and April 2018 but remain well below pre-war levels.
Sales are increasingly important to the Assad government under sanctions.
Resumed Syrian phosphate flows add modest supply to the EU market, which marginally eases phosphate rock availability. The volumes are small relative to global trade, so the price effect is limited.
politico.euSimon MarksAug 9, 2018Not enough comparable past events yet for a historical read.
After 126 past geopolitics events, DAP moved a median 0.0% over 5 sessions (48% higher; middle half -0.7% to +1.2%), and +0.2% 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.
