Mosaic Company Stock Prices Increase After the Company Files Petitions Requesting Countervailing Duties on Phosphates - Impeded Fertilizer Imports Due to Tariffs Will Result in Higher Domestic Prices

From Georgetown Capital Advisors: On June 26, The Mosaic Company (NYSE: MOS) announced that it had filed petitions with the US International Trade Commission (ITC) and the US Department of Commerce (DoC) requesting the imposition of countervailing duties (CVDs) on imports of phosphate from Morocco and Russia. Mosaic’s stock has, since that date, appreciated 80.5% as of the market close on Friday, December 11, with price increases following key events related to the investigation. While the rise was not linear, price increases followed analyst reports that highlighted upward price impacts on phosphate fertilizer as a result of the ITC/DoC, publication of petition in the federal register, Mosaic’s quarterly earnings reports and press releases after the filing and the ITC vote to proceed with the investigation. Petition and related news coverage appear to correlate with price spikes varying in size from 2% to 21%. Since the petition was filed MOS has risen 80.5%. Read more here.