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Morocco's phosphate turnover reached 1.41 billion US dollars in the first four months of 2017, up 11.5 percent year-on-year, the highest increase in five years. The sector's share of GDP rose from 16.2 to 17 percent, with fertilizer exports up 150 million dollars.
Strong Moroccan phosphate export growth signals healthy supply of phosphate fertilizers and rock, which supports input cost expectations for feed and crop producers.
moroccotomorrow.orgMoroccoTomorrowJun 3, 2017After 36 past neutral trade events, DAP moved a median +0.7% over 5 sessions (64% higher; middle half -0.0% to +2.1%), and +0.4% 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.
