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The African Development Bank warned that Morocco could face an extra MAD 40-50 billion in energy imports in 2026 as Middle East tensions push up fuel and commodity prices. The bank also flagged declining phosphate export revenues and a widening trade deficit that reached MAD 244.7 billion.
Higher energy and sulfur costs squeeze Moroccan phosphate processing margins, which can curb DAP and fertilizer supply and support fertilizer prices that feed into livestock feed costs.
en.hespress.comNov 12, 2026After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
After 28 past bullish macro events, DAP moved a median -0.2% over 5 sessions (36% higher; middle half -0.9% to +1.3%), and -0.8% 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.
