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China's Ministry of Commerce confirmed it will suspend export quota management for phosphate rock and silver through 2027, keeping shipment licensing rather than quantitative volume limits.
Removing quantitative export caps on phosphate rock could increase Chinese supply to global markets, pressuring phosphate prices lower.
Not enough comparable past events yet for a historical read.
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.
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.