The European Union began to study the issue of extending anti-dumping duties on ammonium nitrate (used as a nitrogen fertilizer) from Russia for five years. Bloomberg writes about it.
Barrier tariffs of 32,71 euros per tonne of ammonium nitrate are due to expire on Wednesday 25 September. They were directed against such Russian exporters as PJSC "Akron" and were designed to protect European suppliers (for example, Zaklady Azotowe Pulawy) from excessively cheap Russian products.
Now the European authorities are planning to study the question of whether the abolition of duties will lead to the fact that Russian companies will again dump European prices. The process can last up to 15 months, during which the tariffs will continue to operate.
Fees for the import of ammonium nitrate from Russia have been in force in Europe since 1995, and during this time they have been repeatedly extended. In 2002, the maximum rate was set at 47,07 Euro per ton. The last time the tariffs were extended for five years in the 2014 year. In November, the 2018 of the EU, after the appeal of European farmers, reduced the maximum rate to 32,71 euros.
European producers claimed that over the years of protective duties, the market situation has changed, European players have managed to consolidate, and the cost of natural gas, which is the main raw material for the production of ammonium nitrate, has decreased significantly. In this regard, anti-dumping duties are no longer relevant.
A source: https://lenta.ru/