Morocco: DAP/MAP prices unchanged with slow sales

摘要

OCP's DAP/MAP export prices remain unchanged after five weeks despite a slowdown in sales and high availability for May loading. OCP did not report any new sales this week. While delivered MAP prices to Brazil declined to $615-625/t CFR this week, OCP is maintaining its offer level to the market at $600/t FOB, or roughly $627-628/t CFR. Freight rates are expected to ease further in the coming weeks.