Platts proposes changes to FOB Morocco phosphate rock assessment effective July 3

Platts, part of S&P Global Commodity Insights, proposes to change the methodology of its FOB Morocco Phosphate Rock, 68-72 BPL (FPRMA04) assessment, effective July 3, 2025.

This proposal aims to better reflect the characteristics of the phosphate rock market in Morocco, where under the Moroccan Mining Code (law No. 33-13), state-owned OCP holds the exclusive rights to the extraction, processing and sale of phosphate rock. OCP holds quarterly supply contracts with a range of buyers.

Platts proposes that the published value should represent all quarterly contract price input from OCP and any confirmed buyers of phosphate rock. The assessment would no longer reflect spot deals. As part of the proposal, the assessment would be renamed from Phosphate Rock FOB Morocco, 68-72 BPL to Phosphate Rock FOB Morocco CP , 68-72 BPL.

As a third-party reported price, Platts would seek to confirm contract prices agreed with OCP and the various buyers, and report these via the published price without additional editorial input.

This represents a change from the current approach, where the price is assessed to reflect Platts' view of a repeatable tradable value for phosphate rock quarterly contracts and spot deals.

The price would continue to appear in all current publications and in the Platts price database under the code FPRMA04.

Please send any feedback, questions and comments about this proposal to fertilizer@spglobal.com , and pricegroup@spglobal.com by June 3, 2025.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.