
Indonesia's deputy foreign minister said Indonesia is interested in investing in Moroccan phosphate to meet national fertilizer demand. A BMI Research report expects Morocco to gain share from China, which faces unprofitable operations and tighter environmental rules.
Expected capacity growth in Morocco and Saudi Arabia could ease phosphate supply tightness over time, a longer-term bearish factor for fertilizer prices.
After 40 past bearish trade events, DAP moved a median -0.1% over 5 sessions (38% higher; middle half -3.7% to +0.5%), and -2.4% over 20.
Not 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.