"There are no loadings in Tunisia at present as plants there have stopped production due to a lack of phosphate rock. There are also rumours of a plant outage in Morocco."
"Indian Price Uncertainty in Eye of the Storm The Phosphates market appears to be building to a perfect storm: Production outages in Tunisia; Port closures in Egypt with potential disruption to Suez transits – India’s life-line for raw material inputs; Major producers sold out for next 30 days at least; Rising Sulphur and Ammonia costs; Rocketing commodity prices amid heavy speculation; Food inflation in major population centres; Low fert inventories worldwide as we gear up for the spring season in the Northern Hemisphere."
AEV Price at posting:
51.7¢ Sentiment: Buy Disclosure: Held
