U.S. Commerce Lowers Phosphate Fertilizer Duties
The U.S. Commerce Department announced it is lowering duties placed on phosphate fertilizers imported from Morocco from 19.97% to 2.12%. The decision came after the agency conducted an administrative review of the duties, which is performed annually by retroactively examining the price of shipments and other factors. The issue stems from a decision by Commerce that favored a petition by Mosaic to impose duties on phosphate fertilizers imported from Morocco and Russia. Mosaic claims that unfairly subsidized foreign companies were flooding the U.S. market and selling their products at extremely low prices.