
Moroccan fertilizer shipments to the US rose about 33.6% by volume in the first nine months of 2026, to roughly 233,270 tonnes worth over $161 million, led by concentrated phosphate and DAP. Exports to Canada fell 27.8%, while US sulfur exports to Morocco jumped about 268% to over 332,000 tonnes.
Sulfur is a key input for sulfuric acid used in phosphate processing, so rising sulfur costs squeeze Moroccan phosphate fertilizer margins and support DAP and TSP prices. Stronger US demand for Moroccan phosphate adds some tightness to the phosphate market.
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.