The US Department of Commerce has announced its final determination that phosphate fertilizer imports from Morocco and Russia are unfairly subsidised. The department calculated a subsidy rate of 19.97% for Moroccan producer OCP. In the Russia investigation, the department calculated rates of 9.19% and 47.05% for PhosAgro and EuroChem respectively, and a rate of 17.2% for all other producers/exporters.
The US International Trade Commission (ITC) is conducting a concurrent investigation to determine whether Moroccan and Russian phosphate fertilizer imports materially injure the US phosphate fertilizer industry. A final ruling is expected by mid-March. If the ITC’s ruling is affirmative, then the department will issue countervailing duty orders, which will remain in place for at least 5 years.
“Mosaic, the US phosphate industry, and all American manufacturers who believe in free and fair trade appreciate the importance of today’s ruling,’ said Mosaic President and CEO Joc O'Rourke. “The Commerce Department’s hard work on this case brought us one step closer to ensuring American farmers can depend on high quality, competitive American fertilizer for decades to come.”
Read the article online at: https://www.worldfertilizer.com/phosphates/22022021/us-department-of-commerce-issues-final-determination-on-phosphate-fertilizer-imports/