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The first shipload of Moroccan NPK fertilizer is set to reach Nigeria in the coming days under a deal struck during King Mohammed VI's visit. Nigeria's agriculture minister says the country targets 700,000 to 800,000 tonnes of fertilizer a year, and the commodity will be sold at half the current price.
This is a small bilateral supply deal for one African market, with limited effect on global fertilizer prices.
moroccotomorrow.orgMoroccoTomorrowJan 31, 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.
