EuroChem Group, a Russian producer and exporter, is challenging U.S. duties on phosphate fertilizer, arguing to a federal court that the U.S. Department of Commerce miscalculated the extent of foreign subsidies in the form of cheap natural gas, according to a Bloomberg Law report. The U.S. recently began imposing countervailing duties (CVD) on Russian phosphate fertilizers. DOC calculated subsidy margins and corresponding duty rates of 47.05 percent on EuroChem and 9.19 percent of Russia’s PhosAgro and 17.2 percent for other Russian producers. DOC imposed a rate of 19.97 on phosphates from Morocco’s OCP SA.
India will buy 565,000 mt from the latest tender. The Department of Fertilizers gave approval to RCF to issue letters of intent to seven companies. Material will come from China, Black Sea and Arab Gulf. Another tender is expected in a couple of weeks. For more details and analysis see the June 4 issue of Green Markets.
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