
The UN peacekeeping mission in Western Sahara ended on November 1 after 35 years, when Russia vetoed a US-backed one-year mandate renewal despite 11 votes in favor. The mission's assets entered liquidation and the UN warned of a risk of escalation in hostilities.
Western Sahara and Morocco hold a large share of global phosphate rock, and OCP dominates international phosphate trade, so rising conflict risk could tighten phosphate supply and lift DAP and phosphate fertilizer prices already under pressure from sulfur shortages.
After 114 past bullish geopolitics events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +1.2%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
Not 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.