Platts clarifies CBAM costs will not be reflected in existing daily and weekly CFR Northwest Europe ammonia assessments

Platts, part of S&P Global Commodity Insights, would like to clarify that its existing daily and weekly CFR Northwest Europe ammonia assessments will not include costs associated with the European Union (EU) Carbon Border Adjustment Mechanism (CBAM) when it comes into force January 2026.

The daily and weekly CFR Northwest Europe duty paid/duty free ammonia assessments will remain inclusive of import duty where appropriate but will not reflect any costs associated with CBAM.

Meanwhile, daily and weekly CFR Northwest Europe duty unpaid ammonia assessments will remain exclusive of import duty and will also not reflect any costs associated with CBAM.

The following daily and weekly ammonia assessments are covered by this clarification:

• Ammonia CFR NW Europe duty paid/duty free – daily (FANEB00)
• Ammonia CFR NW Europe duty paid/duty free – weekly (FNWEA04)
• Ammonia CFR NW Europe duty unpaid – daily (ACNED00)
• Ammonia CFR NW Europe duty unpaid – weekly (FANEA04)

The decision to not reflect costs associated with CBAM for these assessments is based on market feedback and follows a month-long consultation, published here, on the impact of CBAM on a number of ammonia and fertilizer assessments.

Under CBAM, which is due to enter its "definitive regime" on Jan. 1, 2026, those importing ammonia into the EU will be required to report the embedded emissions of imported product and purchase CBAM certificates to cover embedded emissions above a benchmark free allowance. As CBAM is phased in, importers will be required to cover the cost of a growing share of embedded emissions.

Please send any feedback, questions and comments to fertilizer@spglobal.com and pricegroup@spglobal.com.

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Platts will consider all comments received and will make comments not marked as confidential available upon request.