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A South African court in Port Elizabeth barred the removal of a phosphate cargo mined in disputed Western Sahara from the Coega port. The roughly 5 million dollar cargo was bound for a New Zealand fertilizer maker, and the court formed a full bench to hear the case.
The legal freeze on this cargo keeps a small volume of phosphate rock off the market, a minor supply constraint for fertilizer buyers.
timeslive.co.zaErnest MabuzaJun 16, 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.
