From CXM announcement today:
CRU, one of the worlds leading analysts on Rock Phosphate, reports that OCP Morocco (the worlds leading Phosphate Rock producer) are “now agreeing some 68-72% BPL phosphate rock contracts for the first quarter 2022 at $245-300/t FOB”, reflecting a $90/t rise on the 2021 Q4 Morocco (68-72% BPL) price assessment at $140-225/t FOB. (Feb 24 2022).
Thats a pretty impressive jump +$90/t rise on 2021 Q4, With this momentum those prices could soon give the 2008 highs of $450/t a run for its money. (In 2008 Gib which was then known as Phosphate Australia POZ hit highs of around $100m on this very same asset we are holding today)
PHOSPHATE PROJECT- 53Mt at 16% P2O5-Development Ready, page-75
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