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Moroccan phosphate producer OCP is lobbying and hiring public relations help to respond to a US federal investigation that has limited its ability to sell fertilizer in the United States. The company is responding point by point to criticism from American stakeholders.
The ongoing countervailing duty probe keeps US phosphate supply constrained, supporting elevated DAP prices for American buyers. A favorable outcome for OCP would ease supply, while duties would sustain the premium.
africaintelligence.comOct 23, 2020After 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.
