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An Atlantic feature notes Morocco holds over 72 percent of world phosphate-rock reserves when Western Sahara is included, with China a distant second at about 6 percent. It describes the territorial dispute and human-rights concerns around Western Sahara's phosphate.
It says current prices are too low to push buyers toward Western Sahara supply.
Concentrated reserves in Morocco create long-run supply risk for phosphate fertilizers, but the article's point is that low prices leave buyers little reason to shift sourcing now. The impact on near-term fertilizer prices is limited.
theatlantic.comAlex KasprakNov 29, 2016Not enough comparable past events yet for a historical read.
After 126 past geopolitics events, DAP moved a median 0.0% over 5 sessions (48% higher; middle half -0.7% to +1.2%), and +0.2% 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.
