# Fertiliser Markets Look Bearish With Limited Demand Pockets | CZ app

> The US Department of Commerce cut countervailing duties on Moroccan phosphate from 19.97% to 2.12%, and raised them on Russian Phosagro from 9.19% to 28.5%. India also cut its DAP subsidy by 31%, lowering importer break-even to about $485/t CFR against a $595/t market price.

- Date: 2023-11-06 · published 2023-11-06T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/4327-fertiliser-markets-look-bearish-with-limited-demand-pockets-cz-app
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

More Moroccan supply into the US and lower Indian import demand create a bearish outlook for DAP prices.

## Read by commodity

- DAP: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2024-03-25 | [US lifts tariffs on fertilizer imports \| Latest Market News](https://feedsoft.ai/events/31146-us-lifts-tariffs-on-fertilizer-imports-latest-market-news.md) | -10.7% | -13.4% |
| DAP | 2025-08-18 | [Briefing on China’s Fertilizer Import and Export (January–July 2025) and Market Summary](https://feedsoft.ai/events/23644-briefing-on-china-s-fertilizer-import-and-export-january-july-2025-and-market.md) | -0.1% | -2.8% |
| DAP | 2023-04-07 | [US prices were firmer this week on spring demand, but bearish sentiment remains across products. \| Harry Minihan](https://feedsoft.ai/events/5936-us-prices-were-firmer-this-week-on-spring-demand-but-bearish-sentiment-remains.md) | +9.5% | -3.4% |
| DAP | 2023-10-18 | [Moroccan fertilizer company sees way back into US market for spring planting \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/33960-moroccan-fertilizer-company-sees-way-back-into-us-market-for-spring-planting.md) | +0.5% | +4.0% |
| DAP | 2024-02-28 | [March '24 Farmer Fertilizer Focus - Phosphate](https://feedsoft.ai/events/4295-march-24-farmer-fertilizer-focus-phosphate.md) | +5.1% | +7.1% |

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/fertiliser-markets-look-bearish-with-limited-demand-pockets/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.