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Mosaic has filed a complaint with the US Department of Commerce alleging that Moroccan and Russian phosphate producers are dumping low-priced product on the US market. The petition could lead to import duties of up to 71.5%, following a US International Trade Commission investigation.
Potential duties of up to 71.5% on Moroccan and Russian phosphates would raise US fertilizer and feed phosphate costs and could reroute global phosphate trade.
moroccoworldnews.comJasper HamannSep 22, 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.
