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The US Commerce Department made a preliminary affirmative countervailing duty determination on phosphate fertilizer imports from Morocco and Russia, with rates of 19.97% for OCP, 9.13% for PhosAgro, 47.05% for EuroChem and 17.2% for other producers. The US International Trade Commission is expected to decide in March, and the imports total roughly $1 billion annually.
If duties are finalized, US phosphate fertilizer costs for imported product would rise sharply, supporting domestic producer Mosaic and tightening supply. Higher phosphate input costs can lift feed phosphate prices.
dtnpf.comFeb 11, 2021After 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.
Not enough comparable past events yet for a historical read.
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.
