ViganBühler GmbHVan AalstIMPA EventsTBA GroupGeneva Dry
  • Bühler GmbH
  • Telestack
  • Van Aalst
  • Cimbria
  • TMS Awards 2023
  • Geneva Dry

Fertilizers Europe welcomes Commission’s Russia report

Fertilizers Europe welcomes Commission’s Russia report

(Posted on 06/11/20)

European Fertilizer industry welcomes the Commission report providing fact-based evidence on significant government-induced distortions in the economy of Russia. The industry, which for many years grapples with a threat of injurious dumping, welcomes the fact the EU is now equipped with an additional instrument in the toolbox to address unfair trade. In an ever intense global and EU fertilizer market situation where the EU industry is regularly subjected to unfair dumping and subsidy campaigns on the EU Single Market, Fertilizers Europe welcomes the publication of the European Commission’s report on “significant distortions in the economy of the Russian Federation for the purposes of trade defence investigations”. The report provides precise references on the key Russian state legislations which in turn often lead to unfair non market advantages to the local Russian industry. With regard to nitrogen fertilizers where natural gas represents typically 60 to 80% of production costs, the Russian state’s regular annual artificially low fixing of gas costs to Russian industry is a profound distortion encouraging regular dumping campaigns to the EU – and indeed to world. “The profound “structural dumping” arising from the Russian gas market situation is especially damaging and should be corrected with the EU’s full armoury of trade and competition policies” proclaims Jacob Hansen, Director General of Fertilizers Europe. He added “We are pleased that the European Commission has already applied for fertilizers from Russia the new trade defence modernisation rules and the removal of the lesser duty rule in the case of UAN solutions from Russia. Now with this report comprehensively and precisely explaining the character and play of the state fixed gas prices we can expect even stronger EU corrective action”. The new EC report also covers macro-economic, sectoral, banking and finance state intervention factors which can be helpful when producing EU trade defence complaints. Indeed, the report succeeds to making clearer the real on the ground situation in Russia which is often opaque and full of grey measure arrangements. The fertilizer sub-chapter in the report is rather limited especially when compared with the very meaningful natural gas chapter. Fertilizers Europe will nonetheless endeavour to improve upon the base provided.

Fertilizers Europe represents the majority of fertilizer producers in Europe and is recognized as the dedicated industry source of information on mineral fertilizers.

Latest News

Rio Tinto progresses Rhodes Ridge to next study phase

(Posted on 07/12/23)

Rio Tinto has approved a $77 million (A$110 million) pre-feasibility study (PFS) to progress development... Read more


Rio Tinto and Giampaolo complete aluminium recycling transaction

(Posted on 03/12/23)

Rio Tinto and Giampaolo Group have completed a transaction to form the Matalco joint venture, combining... Read more


Partnership creates UAE’s largest galvanising pool in KEZAD

(Posted on 03/12/23)

Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose... Read more


ADM launch of regenerative agriculture programme in Brazil

(Posted on 26/11/23)

ADM, a leader in sustainable agriculture supply chains, has announced an important expansion of its... Read more


$140m Investment agreement to build all-in-one nickel refinery

(Posted on 17/11/23)

Trafigura, a market leader in the global commodities industry, has agreed to invest in an all-in-one... Read more


ADM and Marathon take next step in meeting renewable fuels demand

(Posted on 17/11/23)

ADM and Marathon Petroleum Corp. have celebrated the opening of their joint venture soybean processing... Read more


US Grains Council bids farewell to Castillo

(Posted on 13/11/23)

Former U.S. Grains Council (USGC) Director of Global Programmes Alejandra Castillo was named the successor... Read more


Rio Tinto and Codelco complete Nuevo Cobre exploration agreement

(Posted on 13/11/23)

Rio Tinto has completed the acquisition of PanAmerican Silver’s stake in Agua de la Falda and... Read more


New Cargill soybean processing plant connects farmers to growing demand

(Posted on 05/11/23)

Cargill has completed an expansion and modernization project at its integrated soybean crush and refined... Read more


BHP approves US$4.9bn investment in stage two of Jansen potash project

(Posted on 31/10/23)

BHP has approved an investment of US$4.9 billion (C$6.4 billion) for stage two of the Jansen potash... Read more


CimbriaTelestackTMS Awards 2023Port of StocktonPort of South LouisianaSailors Society
  • TBA Group
  • Vigan
  • Port of South Louisiana

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping