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An opinion piece argues that US countervailing duties on Moroccan phosphates, imposed in March 2021, are keeping prices high. Ninety members of Congress had requested their suspension, and phosphate prices have risen over 300% to record levels since the duties took effect.
Removing the duties could increase phosphate import supply to the US, easing DAP and phosphate prices, though the industry's largest producer opposes it.
southernagtoday.orgAshley BeelerMay 5, 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.
