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Saudi Arabia's Ma'aden reported a 23.7% year-over-year drop in third-quarter profit. The decline was attributed to high sulfur costs.
Sulfur is a key input for phosphate fertilizer production, so higher sulfur costs squeeze producer margins and can support phosphate fertilizer prices, which feed into livestock feed costs through mineral and feed-ingredient inputs.
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.