Loading…
The US Department of Commerce issued preliminary findings in its investigation into alleged subsidies received by Morocco's OCP, the state phosphate producer. The agency identified four particularly contentious issues and five more it intends to study before reaching a final decision.
A preliminary countervailing duty finding against OCP could raise duties on Moroccan phosphate imports into the US, tightening supply and supporting DAP and phosphate fertilizer prices.
africaintelligence.comDec 3, 2020After 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.
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.
