Loading…
Nigeria's fertiliser prices have fallen following a memorandum of understanding with Morocco for production of one million tonnes of fertiliser, signed in December. The deal aims to make phosphate-based fertiliser more available and affordable for local farmers as part of the plan to halt food imports by 2019.
Lower domestic fertiliser prices in Nigeria reflect supply from Morocco's phosphate output, a small regional shift with limited effect on global DAP or phosphate prices.
thenationonlineng.netThe NationApr 20, 2017Not enough comparable past events yet for a historical read.
After 36 past neutral trade events, DAP moved a median +0.7% over 5 sessions (64% higher; middle half -0.0% to +2.1%), and +0.4% over 20.
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.
