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Moroccan exports of phosphates and derivatives rose by more than 42% in September 2026, ending eight months of decline, according to Alpha Bourse. The report says OCP's production has also picked up to a stronger pace.
Spot sulphur prices have fallen back below $800 per tonne.
A rebound in Moroccan phosphate shipments adds supply to the DAP market, which is bearish for prices. Cheaper sulphur eases production costs for phosphate producers, though whether the rebound lasts into Q4 remains to be seen.
lodj.maLa RedactionNov 2, 2026After 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.
