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A South African court decision allowed the seizure of a cargo ship carrying about 50,000 tonnes of phosphate. Potash Corp. and Agrium together accounted for nearly half of Western Sahara's phosphate exports last year.
Their shipments could face new legal challenges and scrutiny.
Legal pressure on Western Sahara phosphate exports raises the risk of reduced supply from a dominant source, which could support phosphate rock and fertilizer prices.
theglobeandmail.comGeoffrey YorkMay 14, 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.
