Loading…
A US federal judge questioned the 19% countervailing duties on Moroccan phosphate imports imposed by the ITC, during a hearing on OCP North America's appeal. MAP and DAP prices are running 47-55% above a year ago, though both eased about $16/t in the latest week.
A ruling that loosens the Moroccan duties could bring more phosphate supply into the US market and ease DAP and MAP costs.
dtnpf.comChris ClaytonJun 29, 2022Not enough comparable past events yet for a historical read.
After 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.
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.
