◂ Event Timeline

Jun 5, 2021POLICYUS

Morocco’s OCP Group Files Appeal Against US Phosphate Import Duties

OCP Group, Morocco's phosphate producer, has appealed a March 11 US Trade Commission decision imposing countervailing duties on its phosphate exports to the US. OCP argues the decision relied on incorrect data.

WHY IT MATTERS

The duties restrict Moroccan phosphate supply to the US, keeping American fertilizer prices elevated; a successful appeal could ease supply and pressure prices.

AFFECTSDAP▲TSP▲

SOURCE
moroccoworldnews.comJasper HamannJun 5, 2021

Price reaction & history

DAP▲bullishSO FAR1d 0.0%5d +2.5%20d +1.2%

After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% over 20.

Jun 23, 2021US Farmers Overpay for Fertilizers Due to Duties Imposed on Moroccan and Russian Phosphate Imports – Phosphate Price-0.6%
May 7, 2024US to raise Morocco phosphate fertilizer tariffs again | Agriculture Dive+6.6%
Oct 9, 2020Feedinfo - US Anti-Dumping Investigations on Phosphate Imports from Morocco and Russia Progress0.0%
Mar 17, 2023Phosphate Farm Prices Remain Elevated, It’s Time for Action on Import Tariffs+1.7%
Mar 23, 2022Diammonium Phosphate Prices Growing Twice in the US as Russia Implies Export Restrictions-1.5%

TSP▲bullish

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.

DAP DAP · GP ▸

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TSP TSP · GP ▸

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