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The first phosphate rock shipment from North West Africa since a legal dispute arrived in Tauranga, New Zealand, carrying about 55,000 tonnes from Western Sahara. Importer Ballance Agri Nutrients avoided South African jurisdiction by routing the vessel via Cape Horn.
Legal challenges over Western Sahara phosphate create supply uncertainty and rerouting costs, which can tighten phosphate rock availability for New Zealand fertilizer producers.
rnz.co.nzTe Reo Irirangi o AotearoaJun 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.
