The United States is going to impose anti-dumping duties on Russian nitrogen fertilizers
The US wanted to impose anti-dumping duties on nitrogen fertilizers from Russia. The corresponding draft document is published in the Federal Register. RIA News.
According to an analysis by the US Department of Commerce of fertilizer supplies from April 2020 to March 2021, Russia supplied ammonium nitrate at underpriced prices. “We will instruct the Customs Service to require a cash deposit equal to the difference between the export price and the US price,” the document says.
In particular, the weighted average dumping difference for PJSC “Akron” is, according to American data, about 8 percent. For JSC Azot, JSC Nevinnomyssky Azot and EuroChem, the underpricing is allegedly 23.9 percent. Dumping margin of companies KuibyshevAzot and GC “Azot” exceeds 122 percent. During the investigation, these suppliers will be subject to duties in the amount of the dumping difference, and from all others – in the amount of 14.9 percent.
May 31 Russian Government extended restrictions on the export of mineral fertilizers. They will be valid from the beginning of July until the end of 2022. For nitrogen fertilizers, the quota will be just over 8.3 million tons.