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The USITC launched a five-year sunset review of countervailing duties on phosphate fertilizers from Morocco and Russia, in place since April 2021. Research cited estimates the duties raised DAP prices by 28.6% to 34%.
One of two major domestic producers now seeks their removal.
Removing the duties would lower US DAP costs and could expand supply, but the outcome is uncertain given domestic production concentration, so the price effect is moderate.
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.