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The EU provisionally agreed a cap of 60 mg of cadmium per kilogram of fertilizer, pending final approval by the European Parliament and member states. The limit would take effect three years after the law is enacted.
Producers such as PhosAgro and Yara are expected to benefit, while Moroccan and Tunisian rivals with higher cadmium content could lose share.
Phosphate exporters with high-cadmium rock may lose EU sales, which could tighten supply of some phosphate products to Europe and support prices for compliant producers. The impact is delayed and depends on final approval.
worldfertilizer.comNicholas WoodroofNov 22, 2018After 29 past neutral policy events, DAP moved a median +0.2% over 5 sessions (55% higher; middle half -0.4% to +1.3%), 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.
