Fertilizer: OCP bends (a little) Washington

The United States has revised the rate of countervailing duties imposed on the Moroccan giant, OCP, “for alleged subsidies”.

16.60%. This is the new rate of countervailing duties that the United States is imposing on the Moroccan giant, OCP, “for alleged subsidies”, in particular the provision of mining rights at a cost lower than their real value. In other words, importers of phosphate fertilizers produced by OCP in the United States will have to pay countervailing duties equivalent to 16.60% of the value of the imported goods. Previously, the rate was 16.81%. A rate applicable retroactively to exports to the United States from the year 2022 and also payable by American customs in the event of imports of phosphate fertilizers from today until 2026.