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Egypt is funding a multimillion-dollar phosphate industrial zone in Aswan and expanding Safaga Port on the Red Sea, a key export hub for agribusiness to India. Phosphate rock producers are integrating downstream because the price of phosphate rock has more than doubled since 2006.
Egypt consumes 14.3 million tonnes of nitrogen and phosphate fertilizers a year.
Egyptian downstream investment could increase finished phosphate fertilizer supply to Asia over time. The near-term effect on prices is limited, but the trend supports phosphate values.
arabnews.comRichard WachmanMay 6, 2018Not enough comparable past events yet for a historical read.
After 29 past neutral policy events, DAP moved a median +0.2% over 5 sessions (55% higher; middle half -0.4% to +1.3%), and +1.9% 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.
