
Morocco's OCP has had its exports to North America at a standstill since July 2020, after Mosaic filed a petition alleging subsidies and seeking countervailing duties. OCP is one of the world's top five phosphate producers, and the case is a first in its 100-year history.
The final outcome is expected around March 2021.
The loss of OCP's supply to North America tightens phosphate availability in the US market, which supports DAP prices until the trade dispute is resolved.
Setelah 193 peristiwa perdagangan bullish sebelumnya, DAP bergerak median +0,4% selama 5 sesi (54% lebih tinggi; separuh tengah -0,3% sampai +1,8%), dan +1,9% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.