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Mosaic's government affairs executive says phosphate prices are driven by supply shortages, including China's export restrictions. He adds that the US countervailing duties on Moroccan and Russian fertilizer have not yet affected US phosphate prices.
The NCGA is pressing Mosaic to lift the tariffs.
Export restrictions from China keep global phosphate supply tight, which supports price levels for US fertilizer buyers regardless of the tariff dispute.
rrfn.comCarah HartDec 10, 2021After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% 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.
