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Moroccan state phosphate producer OCP announced it will acquire a 20 percent stake in Fertinagro, Spain's largest fertilizer manufacturer. The deal is intended to bring Fertinagro's specialty product know-how and its ability to serve farmers' specific needs into OCP's business.
The stake is a corporate move that gives OCP more reach into specialty fertilizer distribution in Europe, with no clear immediate change to supply volumes or prices for feed inputs.
xinhuanet.comJun 15, 2018Not 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.
