 Countervailing Duties |
November 2, 2023Mosaic Comments On Phosphate Countervailing Duties RulingsYesterday and today, the U.S. Department of Commerce (Commerce) announced the final results of the first annual administrative reviews of the countervailing duty orders on phosphate fertilizers from Russia and Morocco. CLICK HERE TO VIEW PRESS RELEASE
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September 21, 2023Mosaic Provides an Update on Recent Countervailing Duty RulingToday, the Mosaic Company commented on a ruling from the U.S. Court of International Trade (CIT) (OCP S.A. et al. v. United States, Consol. Ct. No. 21-219), which remanded the U.S. International Trade Commission's (ITC) injury finding back to the ITC for reconsideration. CLICK HERE TO VIEW PRESS RELEASE
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December 15, 2021Ag Industry ImpactsHigh global demand coupled with supply chain disruptions have caused uncertainty and instability in many industries, and have deeply impacted businesses, governments and individuals across the world. The agriculture industry has been impacted in many ways, one of which is the recent increase in input costs, including fertilizer prices, and it is understandably causing frustration among agricultural retailers and farmers. CLICK HERE TO VIEW PRESS RELEASE
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March 11, 2021U.S. International Trade Commission Confirms Morocco and Russia Subject to Phosphate Fertilizer Import DutiesThe U.S. International Trade Commission announced that it has completed its investigation and determined that subsidized phosphate fertilizer imports from Morocco and Russia have materially injured the U.S. phosphate industry. As a result of this ruling, the U.S. Department of Commerce will issue countervailing duty orders on phosphate fertilizers from Russia and Morocco, which will remain in place for at least five years. CLICK HERE TO VIEW PRESS RELEASE
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February 9, 2021U.S. Department of Commerce Issues Final Affirmative Countervailing Duty Determinations on Phosphate Fertilizer Imports From Morocco and RussiaThe U.S. Department of Commerce announced today its final determination that phosphate fertilizer imports from Morocco and Russia are unfairly subsidized. Commerce calculated a subsidy rate of 19.97 percent for Moroccan producer OCP. In the Russia investigation, Commerce calculated rates of 9.19 percent and 47.05 percent for PhosAgro and EuroChem, respectively, and a rate of 17.2 percent for all other producers/exporters. The U.S. International Trade Commission (ITC) is conducting a concurrent investigation to determine whether Moroccan and Russian phosphate fertilizer imports materially injure the U.S. phosphate fertilizer industry. A final ruling is expected by mid-March. If the ITC’s ruling is affirmative, then Commerce will issue countervailing duty orders, which will remain in place for at least five years. Mosaic appreciates the importance of today’s ruling for the U.S. phosphate industry, and all American manufacturers who believe in free and fair trade. This ruling has brought us one step closer to ensuring American farmers can depend on high-quality, competitive American fertilizer for years to come. CLICK HERE TO VIEW PRESS RELEASE
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November 24, 2020U.S. Department of Commerce Announces Preliminary Finding That Phosphate Fertilizer Imports from Morocco and Russia Benefit from Countervailable SubsidiesThe U.S. Department of Commerce announced today that it preliminarily found that phosphate fertilizer imports from Morocco and Russia benefit from countervailable subsidies. Commerce calculated a subsidy rate of 16.88 percent for Moroccan producer OCP. In the Russia investigation, Commerce calculated rates of 20.94 percent and 72.5 percent for the PhosAgro and EuroChem respondent entities, respectively, and a rate of 32.92 percent for all other producers/exporters. U.S. law provides remedies to American manufacturers against unfair and injurious foreign trade practices. Today’s ruling addresses countervailing duty petitions filed by The Mosaic Company on behalf of the U.S. phosphate industry to address government subsidies in Morocco and Russia that give their phosphate producers unfair cost advantages. These practices are causing significant harm to Mosaic’s operations and putting American farmers at risk for long-term dependence on foreign suppliers to meet critical crop nutrient needs. Mosaic provides high quality, responsibly produced and competitively-priced products to its customers. We welcome the chance to demonstrate our value and fight fairly for every sale we make. However, we have not been operating on a level playing field in the U.S. market for years. Today’s finding brings us one step closer to the vigorous competition and fair trade we expect. CLICK HERE TO VIEW PRESS RELEASE
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June 26, 2020Mosaic Announces Petitions Seeking U.S. Countervailing Duties on Phosphate Fertilizer Imports From Morocco and RussiaThe Mosaic Company has filed petitions with the U.S. Department of Commerce and the U.S. International Trade Commission that request the initiation of countervailing duty investigations into imports of phosphate fertilizers from Morocco and Russia. The purpose of the petitions is to remedy the distortions that foreign subsidies are causing in the U.S. market for phosphate fertilizers, and thereby restore fair competition. Mosaic is not competing on a level playing field. Government subsidies in Morocco and Russia give phosphate producers unfair cost advantages. This has been a long-term and increasingly injurious situation, and we have engaged in this process to demonstrate unfair trade practices by international competitors. Phosphate imports to the U.S. have risen dramatically in recent years as producers seek markets where domestic players are not protected by import duties. Europe and other major fertilizer markets impose tariffs to which Mosaic is subject as an exporter. As the largest U.S. producer of phosphate fertilizers, Mosaic took this action because large volumes of unfairly subsidized imports from Morocco and Russia are causing significant harm to Mosaic’s operations. Mosaic’s phosphate fertilizer business employs approximately 3,500 U.S. workers and operates mines and production facilities in Florida and processing plants in Louisiana. The U.S. Department of Commerce and the U.S. International Trade Commission will consider the petitions and determine the next steps, which typically involve extensive administrative investigations. Mosaic intends to participate actively in those proceedings. We are bringing these actions under well recognized laws, and the remedies (in the form of countervailing duties) we are requesting are directly connected and proportional to the level of the subsidies. CLICK HERE TO VIEW PRESS RELEASE
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