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Moroccan phosphate producer OCP is seeking to regain US market access after a Court of International Trade judge questioned the ITC's injury finding behind duties on Moroccan phosphate. A ruling is not expected for at least a couple of months, and the company faces possibly more legal battles.
If duties on Moroccan phosphate are lifted, additional supply could enter the US market, easing domestic DAP and phosphate price pressure for US buyers.
agri-pulse.comBill TomsonJul 13, 2022After 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.
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.
