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The US Department of Commerce announced preliminary countervailing duty rates on phosphate fertilizer from Morocco and Russia, with rates ranging from about 21% to 72.5% depending on producer. Final rulings are expected in February and April after further review.
Industry commentary says Moroccan and Russian product is unlikely to reach the US directly.
Large duties on major phosphate sources will push up US and North American fertilizer prices as import supply is displaced and trade routes become less efficient.
realagriculture.comShaun Haney24 de nov. de 2020Após 193 eventos altista de comércio passados, DAP subiu em mediana +0,4% em 5 sessões (54% de alta; metade central de -0,3% a +1,8%), e +1,9% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Report of large preliminary tariffs on Russian and Moroccan phosphate on Nov 24 signals tighter US import supply, supporting a DAP price jump.
