Morocco's state phosphate producer is opening to foreign investors as the Iran war squeezes its finances. Supply disruptions through the Strait of Hormuz have also pushed up sulphur costs needed for phosphate production.
Higher sulphur costs and Hormuz shipping disruption raise fertilizer production costs and support phosphate fertilizer prices.
After 114 past bullish geopolitics events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +1.2%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
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.