Items Tagged with 'UAN'

The U.S. International Trade Commission ruled Monday that imports of urea ammonium nitrate fertilizer from Russia and Trinidad and Tobago are not harming U.S. producers of the product, ending the threat of stiff duties on imports and evoking relief from U.S. growers.

The Commerce Department has issued final rulings that Russia and Trinidad and Tobago unfairly subsidize exports of urea ammonium nitrate fertilizer, which is dumped in the U.S. at below market prices.

U.S. farmers are already suffering from high fertilizer costs, and Agriculture Secretary Tom Vilsack on Thursday warned suppliers not to try to take advantage of the chaos from the Russian invasion of Ukraine by raising prices.

The Commerce Department issued a preliminary finding Tuesday that imports of urea ammonium nitrate solutions (UAN) from Russia and Trinidad and Tobago were sold into the U.S. at below market prices, paving the way for anti-dumping duties and drawing the ire of farmers that need affordable fertilizer.

Fertilizer prices have risen quickly and the National Corn Growers Association is warning that new tariffs on imports could make the situation even worse for farmers.

Farmers are being hit from all sides with increased production costs, but two of the expenses responsible for the most volatility and uncertainty are fertilizers and pesticides.

The American Farm Bureau Federation is sounding the alarm over potential duties on fertilizer imports from Russia and Trinidad and Tobago, two major suppliers being investigated by the U.S. government over claims of market-distorting subsidies.