# Western Sahara Resource Watch

> A sealed-bid auction for 55,000 tonnes of Western Sahara phosphate rock held aboard the NM Cherry Blossom, seized in South Africa, was due to close on April 19 with a starting bid of $1 million. A February 2018 High Court ruling gave ownership of the cargo to the exiled Saharawi government rather than OCP.

- Date: 2018-04-17 · published 2018-04-17T12:00:00.000Z
- Category: logistics · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/65828-western-sahara-resource-watch
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

The seizure and auction affect the routing and ownership of a single 55,000-tonne cargo, a small share of global phosphate rock trade, so the price impact is minimal.

## Read by commodity

- PHOSROCK: neutral

## Sources

- wsrw.org: https://wsrw.org/en/archive/4141

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.