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Morocco agreed to donate 20,000 tons of fertilizer to Guinea out of 100,000 tons supplied under an OCP memorandum signed at a royal ceremony in Conakry. The remaining 80,000 tons will be sold at prices expected to reduce or eliminate Guinean fertilizer subsidies.
The volume is small relative to global phosphate trade, so the deal has little direct price impact beyond signalling OCP's African expansion.
moroccoworldnews.commwnFeb 24, 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.
