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On 10 April 2019 the European Commission used for the first time the option to disapply the lesser duty rule, imposing provisional duties on Russian liquid fertilizer makers Acron and EuroChem above the injury-removal level. The Commission argued Russian producers benefited from distorted domestic gas prices.
The measure is provisional.
Duties set above the injury threshold restrict Russian liquid fertilizer imports into the EU more than before. This supports higher nitrogen fertilizer prices in Europe and sets a precedent for further trade defence actions.
twobirds.comApr 23, 2019After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
