Mosaic Company won its standoff against OCP and Russian company PhosAgro. The United States Department of Commerce announced on Tuesday that it plans to tax imports of fertilizer products from the Moroccan group at 23.46% and 20.94% for the Russian group.
A decision following the complaint filed at the end of June by Mosaic against these two main competitors on the American market. The US company then justified its request by “the large volumes from Morocco and Russia, unfairly subsidized, and causing significant damage” to its interests.
Last year, U.S. imports of phosphate fertilizers from Morocco were valued at around $ 729 million while those from Russia were around $ 299 million, the same source reports citing Commerce Department data.
At the end of August, Russia and Morocco have reduced almost entirely the supply of the United States of phosphate.
Revelations which corroborated in fact the announcement made on Tuesday, August 4 by Joc O’Rourke, the president and chief executive at Mosaic, during a discussion with financial analysts and representatives of international banks in the United States. Professionals in the United States who “import products from the OCP or from Russia have definitely taken a step back (…) We saw a drop in these imports in July,” he said.
For the record, on July 24, two senior OCP executives said that “the Cherifian Phosphate Office does not rule out suspending its exports of fertilizer products to United States. The group could redirect its exports to other markets”.