# Political rift halts $7m of NZ-bound phosphate - NZ Herald

> A $7 million shipment of about 50,000 tonnes of phosphate rock bound for New Zealand will not be delivered after the carrying company withdrew from a South African court case. The vessel was held at Port Elizabeth in May over a dispute about whether the rock was mined illegally in Western Sahara. OCP withdrew from the proceedings.

- Date: 2017-07-14 · published 2017-07-14T12:00:00.000Z
- Category: geopolitics · region New Zealand · magnitude low
- Page: https://feedsoft.ai/events/70313-political-rift-halts-7m-of-nz-bound-phosphate-nz-herald
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

The loss of a cargo to New Zealand removes a small volume of phosphate from its planned destination and adds sourcing risk for Morocco-origin rock. The price effect is limited, as the volume is small relative to global trade.

## Read by commodity

- PHOSROCK: neutral

## Sources

- nzherald.co.nz: https://www.nzherald.co.nz/business/companies/agribusiness/political-rift-halts-7m-of-nz-bound-phosphate/W7DF64FQ3MFJ2IDDUHNSQAQAQI/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.