Morocco Rock Phosphate Price Report: Dec 2023 Updates and Analysis

The Rock Phosphate Price in Morocco for December 2023 has seen a significant decline, standing at US $152.5 per ton. This reflects a substantial 56% decrease compared to the November 2023 price of US $347.5 per ton. Additionally, when compared to the same month last year (December 2022), the current price is 49% lower, as it was US $300 per ton at that time. This notable reduction in rock phosphate prices could impact phosphatic industries and agricultural sectors dependent on this essential fertilizer component.