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Abu Dhabi National Oil Company (ADNOC) signed a long-term agreement to supply granulated sulphur to Morocco's OCP through 2025. The parties agreed to consider a gradual increase in contracted volumes, and ADNOC supplied 2 million tonnes to Morocco in 2016.
A secured sulphur supply helps OCP's phosphate production costs and output, which affects the phosphate fertilizer supply balance, but the deal has limited direct price impact on feed ingredients.
thenationalnews.comJennifer GnanaDec 27, 2017Not 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.
