Phosphate 'Dumping' Investigations Raise Price Hike Fears
By MATEUSZ PERKOWSKI Capital Press
As U.S. trade authorities deepen their investigations into allegations of foreign phosphate "dumping" that harms domestic manufacturers, farm groups worry retaliatory tariffs may increase prices for the key fertilizer.
The Mosaic Co., a Florida-based fertilizer producer, has alleged that phosphate shipments from Morocco and Russia are flooding the market, depressing prices for U.S. fertilizer companies.
“While the domestic industry was forced to curtail production and close facilities, low-priced imports continued their surge, capturing an ever-increasing share of the U.S. market at the expense of the domestic industry,” according to Mosaic’s petition to trade regulators.