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Syria's phosphate production has restarted after a stoppage of nearly 18 months. Government revenues from exports will be limited by low prices and a Russian stake in the operations.
Returning Syrian phosphate supply adds modest tonnage to a market already pressured by overcapacity, reinforcing weak phosphate rock pricing.
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.