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Mosaic has reportedly hired lobbyist Brian Ballard and lawyer David Ross to support its campaign against subsidized phosphate imports from Morocco's OCP and Russia's PhosAgro. The effort is aimed at pressing for trade action.
Political lobbying increases the likelihood of duties on Moroccan and Russian phosphate, which would support US DAP prices by restricting import supply.
africaintelligence.comJul 23, 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.
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.
