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Morocco is concerned that the European Commission plans to lower the permitted cadmium limit in phosphate fertilisers, a move that would hit its exports, since OCP sells about 32% of its output in Europe. COPA-COGECA backs the concern, warning that cadmium-poor phosphate rock is scarce and the proposal lacks scientific justification.
A tighter cadmium cap could limit supply of phosphate rock into the EU and raise phosphate fertilizer prices, which would squeeze European farm margins and feed costs.
agenceurope.euJan 11, 2017Not enough comparable past events yet for a historical read.
After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), 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.
