CF Industries battles international price disparities
DEERFIELD -- The U.S. International Trade Commission announced an affirmative decision Friday in response to petitions filed by CF Industries Holdings Inc. regarding the importation of fertilizer ingredients from Russia and Trinidad and Tobago.
The ITC decision found that there is a reasonable indication that those imports of urea ammonium nitrate solutions, or UAN, materially injures the U.S. fertilizer industry. Under U.S. trade laws, a finding of injury to the domestic industry is a prerequisite for imposing anti-dumping and countervailing duties.
"The preliminary ITC decision is an important step toward leveling the playing field for U.S. UAN producers and their workers," said Tony Will, president and chief executive officer, CF Industries. "CF Industries will continue participating actively in the ongoing investigations in order to restore fairness to our highly competitive industry and ensure that American UAN producers remain a reliable source of fertilizers for American farmers for years to come."
As a result of the ITC's determination, the U.S. Department of Commerce will continue its own investigations of UAN imports from Russia and Trinidad. The purpose of Commerce's investigations is to determine whether imports of UAN from Russia and Trinidad are being dumped in the U.S. market or unfairly subsidized, and if so at what levels, CF Industries said.