The US government suspended countervailing duties on certain Moroccan phosphate fertiliser imports for eight months. USDA estimates the move could cut phosphate fertiliser prices by about 22%, saving US producers around $1.82 billion.
The article's dated text describes a 2026 decision, while the listed publication date is 2021.
Lower duties increase import supply and competition, which should push down US DAP and TSP prices. This is a major trade policy change for phosphate buyers.
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.
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.