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The European Commission is taking steps to build resilience in the EU fertiliser market after recent volatility. The EU imports 30%, 68% and 85% of its nitrogen, phosphate and potash consumption respectively.
Policy focus on domestic and organic fertiliser production signals long-run import dependence concerns, with limited immediate effect on fertiliser prices.
insights.figlobal.comLucy WhittakerApr 18, 2023After 26 past neutral policy events, Urea moved a median -1.0% over 5 sessions (27% higher; middle half -4.1% to +0.6%), and -2.5% over 20.
After 29 past neutral policy events, DAP moved a median +0.2% over 5 sessions (55% higher; middle half -0.4% to +1.3%), 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.
