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US trade authorities are deepening investigations into alleged phosphate dumping from Morocco and Russia, which Mosaic says has depressed domestic prices. The American Farm Bureau Federation and crop groups are urging against countervailing duties of up to 71.5%, warning of higher fertilizer costs for growers.
If duties of this size are imposed, US phosphate import costs would rise sharply and farmers could cut or shift planting decisions. The outcome directly affects DAP availability and price for the US market.
capitalpress.comMATEUSZ PERKOWSKICapital PressAug 21, 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.
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.
Escalating US phosphate dumping probes into Morocco/Russia raise the prospect of countervailing duties that would restrict imports and lift US DAP prices.
