Morocco Rock Phosphate Prices: June 2024 Trends and Market Dynamics

The June 2024 release of the Morocco Rock Phosphate Price, set at US $152.5 per ton, signals a stable market environment consistent with pricing trends observed since December 2023. This figure represents a substantial 56% decrease compared to June 2023, when prices stood at US $345 per ton.

The significant price adjustment underscores ongoing shifts in supply and demand dynamics within the rock phosphate market, impacting sectors dependent on this crucial mineral resource for agricultural and industrial applications.