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A South African court delayed its ruling on a phosphate shipment bound for New Zealand, extending the vessel's detention by another week. The cargo of about 54,000 tonnes was seized after activists argued it was mined illegally in Western Sahara.
Continued detention of phosphate cargo tightens near-term rock supply for New Zealand, a modest bullish factor for phosphate fertilizer prices.
rnz.co.nzTe Reo Irirangi o AotearoaJun 9, 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.
