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. Last Updated: 07/27/2016

U.S. Lifts Tariff on Fertilizer

U.S. trade officials have lifted an anti-dumping tariff of over 250 percent on Russian imports of ammonium nitrate, the Trade Ministry said.

The Trade Ministry initialed an agreement April 19 with U.S. trade officials to end an anti-dumping investigation against Russian producers of ammonium nitrate, one of the world's most popular fertilizers.

On Dec. 30, the U.S. Commerce Department effectively shut down Russian nitrate ammonium imports with the introduction of a 264.59 percent anti-dumping tariff on Russian nitrate imports over the next five years.

Earlier, U.S. trade authorities had limited Russian nitrate imports to 400,000 metric tons over a 5- year period. Coming at the end of three days of negotiations, last Wednesday's agreement raises that ceiling to 540,000 tons.

Last year, Russia's main ammonium nitrate exporters Akron, based in Novgorod and the Smolensk region, and Nevinnomyssky Azot, in the Stavropol region, shipped more than 200,000 tons of the fertilizer onto the U.S. market. Their U.S. deliveries accounted for 22 percent of Russia's total ammonium nitrate exports.

The new terms set a minimum price on Russian imports of $85 per ton. Right now, ammonium nitrate sells in U.S. agricultural regions at an average price of $146 per ton.