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Nigeria's Presidential Fertilizer Initiative began distributing subsidized fertilizer as planting season starts, with bags priced at N5,500 versus N10,000 previously. The program uses phosphorus imported from OCP of Morocco under a December 2016 agreement, targeting 1.5 million mt of blended fertilizer.
Domestic fertilizer demand in Nigeria rising through blending programs has little direct effect on global feed commodity prices.
guardian.ngAnthonyMar 19, 2017After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% 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.
