WASHINGTON— U.S. Representative Tracey Mann and U.S. Senator Jerry Moran led several of their colleagues in sending a letter to the U.S. Department of Commerce, urging it to consider the record-high fertilizer cost and suspend the duties it placed on urea ammonium nitrate fertilizer imports from Trinidad and Tobago.
CLICK here to read the letter
"We're seeing the price of fertilizer, which is many times based on fossil fuel increase 300 to 400%," Mann said this week.
The U.S. International Trade Commission (ITC) heard final arguments on Thursday in the antidumping duty investigation of UAN fertilizers from Trinidad and Tobago.
"When you quadruple the price of fertilizer and other inputs, it's all about the margin and what you actually take home," Mann said. "We're putting our ag producers, the best in the world, in a really bad spot right now."
The World Bank posted on its blog last month that fertilizers are now at their least affordable levels since the 2008 global food crisis.