
Morocco’s fertilizer exports to France fell 42.2% in the first nine months of 2026 to 101,973 tonnes, while their value declined 29.1%. Exports of diammonium phosphate dropped 59.9% and NPK compound fertilizers fell 82.9%; Morocco remained France’s leading supplier of superphosphate, with a 40.8% market share.
Reduced Moroccan shipments tighten one source of fertilizer supply for France, potentially supporting prices for phosphate fertilizers. The higher average value per tonne partly offset the fall in export volumes.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
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.