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Exports from Tunisia's Gabès port reached 1.6 million tons in January to October 2017, up 10% on 2016. The cargo was mainly phosphate-based fertilizers and industrial chemicals.
Higher Tunisian phosphate export flows add modest supply to the global DAP and TSP market, a small bearish factor for phosphate prices.
After 40 past logistics events, DAP moved a median +0.4% over 5 sessions (57% higher; middle half -0.6% to +0.9%), and +1.1% 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.