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Nigeria expects its fertilizer agreement with Morocco to yield one million tonnes of local production in 2017 through FEPSAN and OCP. The government hopes this will cut fertilizer prices from N8,000 to as low as N5,000 per bag.
Local production of this scale would reduce African import demand for finished fertilizer, a modest bearish factor for OCP export volumes into Africa.
themaghrebtimes.comTheMaghrebTimes.comJan 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.
