
The U.S. Commerce Department is expected to begin tariff reviews in March that could terminate 2021 countervailing and anti-dumping duties on phosphate fertilizer from Morocco and Russia. The article recounts duty rates of 19.97% on OCP and 47.05% on Phosphorite, and notes Mosaic withdrew its Moroccan review request in 2024.
Removing duties on Moroccan and Russian phosphate would add supply to the U.S. market and could meaningfully lower DAP and phosphate input costs for U.S. farmers and feed producers.
After 50 past bearish policy events, DAP moved a median +0.9% over 5 sessions (62% higher; middle half -0.1% to +1.6%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.