'Production capacity was temporarily exceeded by demand.'
Sorry beg to differ. There is no secret that there was an increase in demand but there was always enough supply. In fact there was an over supply purchased and this has also contributed to the subsequent falling of the phosphate price.
A number of factors conspired to the rising price. Remember it jumped in price 10 times in the space of a very short time. This isn't a supply induced event, it was largely speculative induced.
rock phosphate rises to $110 us fob morrocco, page-45
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