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Morocco's OCP signed a deal with Ethiopia for a large fertilizer plant, with output to be shipped abroad. OCP also reported a 23.2% fall in first-half net profit to 3.07 billion dirhams due to low international prices.
New fertilizer capacity from a major exporter adds to global phosphate supply, which keeps downward pressure on prices for phosphate inputs.
reuters.comNov 19, 2016After 40 past bearish trade events, DAP moved a median -0.1% over 5 sessions (38% higher; middle half -3.7% to +0.5%), and -2.4% 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.
