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The US International Trade Commission voted unanimously to continue antidumping-related investigations into phosphate fertilizer imports from Morocco and Russia, finding a reasonable indication that US industry is materially injured. The Commerce Department will proceed with countervailing duty investigations, with preliminary determinations due around September 21, 2020.
Potential duties on Moroccan and Russian phosphate would tighten US supply and lift DAP and phosphate rock prices, raising feed-phosphate and fertilizer costs for buyers.
usitc.govAug 7, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 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.
