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Mosaic announced that the US International Trade Commission found subsidized phosphate imports from Morocco and Russia had injured the US phosphate industry. Cash deposit rates are expected to be about 20% for OCP, 9% and 47% for PhosAgro and EuroChem, and 17% for other Russian producers.
The duties restrict low-priced phosphate imports into the US, which supports domestic DAP prices and gives Mosaic a stronger position in the US market.
investors.mosaicco.comMar 11, 2021
realagriculture.comRealAgriculture News TeamMar 12, 2021
worldfertilizer.comNicholas WoodroofMar 12, 2021Not enough comparable past events yet for a historical read.
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.
