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Tunisia's state-owned Gafsa Phosphates produced 3.6 million tonnes of commercial phosphate in 2016, 40% below initial forecasts after strikes and protests. The government is studying a new mine at Sra Ouertane, which would need heavy investment to process low-grade rock.
Tunisia is a minor phosphate supplier, and its labour-driven output shortfalls are unlikely to tighten global phosphate supply enough to move prices on their own.
oxfordbusinessgroup.comOBG AdminMay 30, 2017Not enough comparable past events yet for a historical read.
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.
