
The US International Trade Commission published its final investigation notice on phosphate fertilizers from Morocco and Russia on April 5, 2021. The notice concerns the antidumping review (investigation Nos.
701-TA-650-651) affecting imports of these products.
Trade remedies on Moroccan and Russian phosphate imports would restrict supply into the US market, supporting DAP prices in North America and tightening global phosphate availability.
After 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.