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A Farmers Weekly report describes the 30-year relationship between NZ fertiliser cooperatives Ballance and Ravensdown and Morocco's OCP Group, which supplies about 70% of their phosphate rock needs. OCP's delegation visited New Zealand to highlight the trade's economic benefits despite recent publicity about the disputed territory.
The article signals continued NZ demand for OCP phosphate rock, supporting existing flows without a clear new price driver.
farmersweekly.co.nzRichard RennieApr 17, 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.
