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Commerce recommends keeping Moroccan phosphate duty

Created at 21 Jul · 9:41 PM1 source↑ Market-relevant
IN SHORT

The US Department of Commerce recommended maintaining countervailing duties on Moroccan phosphate imports, following a five-year review. This comes despite a temporary suspension by President Trump in June, citing a supply emergency for US farmers.

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Key Numbers

20.04%Moroccan phosphate subsidy rate recommendation
19.97%Original investigation subsidy rate
8 monthsDuration of Trump's suspension
2021Year duties imposed on OCP and Russian producers
24.11%Final result rate for Russian producer EuroChem
14.64%Final result rate for PhosAgro
16.64%Final result rate for other Russian producers
28 OctoberExpected publication date for final review results

Who's Involved

US Department of Commerce
Recommended keeping countervailing duties on Moroccan phosphate imports
Donald Trump
Temporarily suspended countervailing duties on Moroccan phosphate fertilizer imports
OCP
Moroccan phosphate producer subject to potential duties
Mosaic
US fertilizer producer that filed the original petition
Simplot
US fertilizer producer that participated in the review
EuroChem
Russian fertilizer producer subject to countervailing duties
PhosAgro
Russian fertilizer producer subject to countervailing duties

↳ Why This Matters

The Commerce Department's recommendation to maintain countervailing duties on Moroccan phosphate could impact U.S. farmers' access to fertilizers and influence global fertilizer prices, while also affecting the market participation of major producers like OCP and Russian companies.

Key facts

  • The US Department of Commerce recommended keeping countervailing duties on Moroccan phosphate imports.
  • The recommendation follows a preliminary result of a five-year review.
  • Moroccan producer OCP would likely receive subsidies at a level of 20.04% if the duty order were revoked.
  • President Trump had temporarily suspended these duties for eight months in June.
  • Commerce found several Moroccan subsidy programs are still considered active.
  • Final results of the review are expected around October 28.

The U.S. Department of Commerce has recommended maintaining countervailing duties on Moroccan phosphate fertilizer imports, according to preliminary results of its five-year review. This recommendation comes despite President Donald Trump's temporary suspension of these duties for eight months in June, which was cited as a "supply emergency" for U.S. farmers.

Commerce determined that revoking the countervailing duty order would likely result in the continuation of subsidies for Moroccan producer OCP, estimating a subsidy level of 20.04%. This rate incorporates new subsidy programs found in later administrative reviews, alongside the original investigation rate, minus a terminated export-tax incentive program.

There have been no confirmed sales of Moroccan phosphate to the U.S. since Trump's suspension, leaving OCP's future participation in the U.S. market uncertain. Commerce found that several Moroccan subsidy programs remain active and assumes these subsidies will continue.

The review, which began in March, involved U.S. fertilizer producers Mosaic and Simplot, the Moroccan government, and OCP. The final results are anticipated around October 28.

OCP and Russian fertilizer producers have been subject to U.S. countervailing duties since 2021, following a petition by Mosaic alleging material injury to the U.S. market. Commerce also recommended that duties remain on Russian phosphate fertilizer imports, citing ongoing countervailable subsidies. Final rates for Russian producers include 24.11% for EuroChem, 14.64% for PhosAgro, and 16.64% for others.

Frequently asked questions

Countervailing duties are tariffs imposed on imported goods to offset subsidies provided by the exporting country's government, which are deemed to unfairly benefit the producer.

President Trump temporarily suspended the duties citing a "supply emergency" for U.S. farmers, aiming to ease fertilizer availability.

The five-year review assesses whether existing countervailing duties are still necessary and whether the subsidized imports continue to cause injury to the domestic industry.

OCP is a major Moroccan state-owned phosphate rock mining and fertilizer company.

What Happens Next

01Final results of the review are expected to be published around October 28.

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Cadence

How It Developed

Commerce recommended keeping countervailing duties on Moroccan phosphate imports.
Trump temporarily suspended duties on Moroccan phosphate fertilizer imports for eight months.
Commerce determined that revoking the duty order would likely lead to continued countervailable subsidies.
Commerce found Moroccan subsidy programs are active and assumes subsidies will continue.
The review included participation from US producers Mosaic and Simplot, Morocco, and OCP.
Final review results are expected around October 28.
OCP and Russian producers have faced duties since 2021.
Commerce also recommended countervailing duties remain on Russian phosphate fertilizer imports.

Sources

T1
Commerce recommends keeping Moroccan phosphate dutyArgus Media

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