
Morocco spent 30.9 billion dirhams on sulfur imports through September 2026, up from 11.2 billion dirhams in the same period a year earlier; the article projects the full-year bill could exceed 41 billion dirhams. OCP, the dominant sulfur consumer, relies heavily on imports because domestic production supplies only a small share of its needs, and sulfur is used to make sulfuric acid for phosphate fertilizers including DAP.
Morocco’s dependence on imported sulfur raises input costs and could pressure phosphate-fertilizer production costs. That creates upside pressure on DAP prices if costs are passed through, though the article does not quantify an effect on output or prices.
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.
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.