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OCP, Morocco's state phosphate company, reported turnover of MAD 36 billion through September 2017, up 13% year on year. Fertilizer exports rose to 6 million tons, with strong growth into Africa and the Americas.
Strong OCP export volumes signal healthy global phosphate demand, which supports DAP and phosphate rock prices.
moroccoworldnews.commwnDec 5, 2017After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% 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.
