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The U.S. Commerce Department issued preliminary results finding countervailable subsidies for producers and exporters of phosphate fertilizers from Morocco for the November 2020 to December 2021 review period. The determination is part of an ongoing administrative review of the countervailing duty order on OCP S.A.
Potential duties on Moroccan phosphate imports could raise US delivered DAP costs and support domestic phosphate pricing.
federalregister.govMay 5, 2023After 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.
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.
