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The US International Trade Commission upheld its 2020 finding supporting Mosaic's petition for duties on phosphate fertilizers from Morocco and Russia. The decision follows a Commerce Department move to lower the duties from 19.97% to 7.41%, and the Court of International Trade will now review the remand decisions.
Continued US duties on phosphate imports keep domestic DAP supply tight and prices high, while the uncertain legal outcome leaves future import costs open to change.
agdaily.comAGDAILY ReportersJan 18, 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.
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.
