Jul 18, 2022
As U.S. soy growers face historic fertilizer costs, the American Soybean Association applauds the U.S. International Trade Commission’s announcement today that it rejects imposing final duties on Urea Ammonium Nitrate from Russia and Trinidad and Tobago.
Few inputs have exhibited more price inflation than UAN, which has experienced a jarringly high price increase due in large part to the Russia-Ukraine conflict. These two countries are important crop and energy producers, as well as producers of fertilizers and fertilizer input products—including natural gas for UAN. Last month, ASA and other ag groups asked ITC to take into consideration that price pressure experienced by commodity farmers has cascading effects that reverberate through the farm economy.
“ASA has expressed concerns with fertilizer prices and availability for over a year,” said Brad Doyle, president of the American Soybean Association and Arkansas soybean grower. “Today’s ruling by the ITC against the imposition of final duties on imports of UAN from Trinidad and Tobago and Russia will provide much-needed relief from tariffs for U.S. soybean growers and farmers across the country. We thank the ITC for considering the impact on farmers in their determination, and ASA will continue to advocate for the removal of tariffs.”