New preliminary phosphate duty decisions issued by the US Department of Commerce could eventually lead to lower countervailing duties from Russia’s Apatit, a wholly-owned subsidiary of PhosAgro, from 28.5% to 18.83% and higher for Morocco’s OCP SA, to 14.21% from 2.2%.
The assessment was for the calendar year 2022. A final decision will not be made until later in the year. The Mosaic Co. had requested the administrative reviews for Russia and Morocco in June 2023. However, in September 2023 it withdrew its review request for Russia’s Industrial Group Phosphorite LLC, a member of the EuroChem Group.
The DOC late last year in an annual administrative review had raised PhosAgro’s rate from 9.19% to 28.50% and decreased OCP’s from 19.97% to 2.12% (GM Nov. 3, 2023).