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Mosaic filed a petition asking US authorities to investigate subsidized phosphate fertilizer imports from Morocco and Russia (PhosAgro), citing material injury to its operations. OCP said it is analyzing the request and rejects the accusations, and US authorities have 130 days to determine whether countervailing measures are warranted.
The pending case raises the prospect of tariffs on DAP imports, which would tighten US phosphate supply and support prices, though the outcome is uncertain and will take months to resolve.
en.bladi.netSébastien A.Jul 9, 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.
