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Morocco shipped 139,717 tonnes of phosphates and derived products to Brazil in October, worth $95.71 million. Export value rose 116.6% year over year, while volume increased 91.9%; monoammonium phosphate was the largest product by value.
Higher Moroccan phosphate shipments add to fertilizer availability in Brazil, potentially easing import-supply tightness and weighing on phosphate fertilizer prices.
After 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.