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The US Commerce Department preliminarily found countervailable subsidies on phosphate fertilizers from Morocco for the 2022 review period. The review was requested by Mosaic and covers OCP S.A. shipments from January 1 to December 31, 2022.
The preliminary subsidy finding supports the proposed duty increase on Moroccan phosphate, which could restrict US phosphate import supply and firm fertilizer prices.
thefederalregister.orgCommerce Department, International Trade AdministrationMay 2, 2024After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% 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.
