Foreign governments are subsidizing phosphate production, squeezing U.S. manufacturing out of the market. The U.S. International Trade Commission is now deciding whether or not to impose countervailing duties on Moroccan and Russian phosphate imports.
The Mosaic Company’s Benjamin Pratt speaks with RFD-TV’s own on where the U.S. stands today, what ITC’s final decision will mean for U.S. farmers and the value of phosphate.
“The most important thing... is that enforcing fair trade leads to more competition, more stability, and the assurance of American produced phosphate for the long-term,” Pratt explains. “That’s good for farmers, it’s good for American agriculture, and we are seeing suppliers and competition come back to the U.S. market since we filed the petition.”
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