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The reason behind this paper

In recent years, the words “phosphate” and “cadmium” have jointly come under the spotlight even in non-specialised press articles, and on more than one occasion have depicted scary, almost “doomsday” scenarios that may come as a consequence of regulatory changes by the European Commission.

Given the large amount of sometimes misleading and exaggerated claims that have been made, we felt that, as long-serving, independent market analysts, we can assist in the debate by providing some context on the issue by drawing on our specialised knowledge of the market, and by providing a general framework that will enable a properly informed policy decision.

The intention of this paper is not to take a position on the issue at stake, but rather to present a general analysis of the actual proposal and its potential effects.

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