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Saskatoon fertilizer firm Northern Nutrients brought in a vessel of Chinese phosphate through the Port of Vancouver on April 8, believed to be the first such shipment to the Prairies via the West Coast. The move follows US countervailing duties on Moroccan and Russian phosphate.
US duties of 20-plus percent on most world phosphate exports are redirecting trade flows toward China, Russia and Morocco, reshaping Canadian fertiliser sourcing and costs.
producer.comSean PrattApr 15, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 36 past neutral trade events, DAP moved a median +0.7% over 5 sessions (64% higher; middle half -0.0% to +2.1%), and +0.4% 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.
