U.S. finalizes DAP/MAP import tariffs

The U.S. International Trade Commission voted for duties on phosphate from Russia and Morocco, ending an eight-month investigation, which will maintain for five years.

 This decision shows that a new trade flow around the world, US will be a high-quality market. DAP/MAP from Morocco and Russia face 9.19-47.05% tariffs, they will look for alternative destination markets.

As the China and Europe market slows, and the peak season approaches, market demands have weakened. India and Pakistan will start purchasing, it will conduct a bid in Bangladesh next month.