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Vietnam's Ministry of Industry and Trade imposed a two-year safeguard duty on imported DAP and MAP fertilizers via Decision No.686 on March 7. The initial duty is about US$50 per tonne, equal to 60% of the WTO-permitted rate, and steps down slightly after one year.
A new tariff on DAP and MAP imports into Vietnam reduces import flows into a major Asian buyer, which can weigh on export demand and add to pressure on regional phosphate prices.
vietnamnews.vnMar 19, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 40 past bearish trade events, DAP moved a median -0.1% over 5 sessions (38% higher; middle half -3.7% to +0.5%), and -2.4% 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.
