Loading…
Morocco's OCP, the world's largest phosphate exporter, signed a deal to supply Guinea with its phosphate fertilizer needs. The Moroccan company will cover Guinea's full 2017 requirement of about 100,000 tons.
A large state-backed supply deal for a single West African importer is modest in volume and unlikely to move global phosphate prices, though it adds to OCP's African export footprint.
bbkonline.comFeb 26, 2017After 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.
