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The US International Trade Administration published a notice in the Federal Register setting out preliminary affirmative countervailing duty determinations on phosphate fertilizer imports from Russia. The notice covers the subsidy findings for Russian producers, with cash deposits following the preliminary rates.
Duties on Russian phosphate raise the landed cost of DAP and related products into the US, supporting domestic phosphate prices and reducing import competition.
federalregister.govNov 30, 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.
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.
Federal Register publication on Nov 30 formalizes the preliminary Russian CVD determination, reinforcing trade-flow disruption, though largely already known.
