China slaps duties on DDGs
China will impose anti-subsidy duties of between 10 percent and 10.7 percent on imports of U.S. animal feed ingredient known as distillers’ dried grains (DDGS), the Commerce Ministry said in a preliminary ruling on Wednesday, according to a Reuters report.
The move was widely expected after the government announced a similar move on anti-dumping duties last week, Reuters noted.
The U.S. Grains Council, Growth Energy and the Renewable Fuels Association said they were disappointed in the decision, but would cooperate with China’s investigation.
“We are disappointed that the Ministry of Commerce of the People’s Republic of China (MOFCOM) has issued a preliminary determination claiming U.S. dried distiller’s grains with or without solubles (DDGS) are being unfairly subsidized by U.S. government entities and have caused injury to the China’s DDGS industry,” the groups said in a joint news release.
“U.S. DDGS have not caused any injury to China’s DDGS producers. This announcement is not a surprise given MOFCOM’s treatment of the U.S. DDGS industry last week. U.S. DDGS play an important role in protecting Chinese feed producers and households against unpredictable swings in global commodity prices. We will continue cooperating fully with these investigations, and we remain hopeful that MOFCOM will find in its final determination that continued access for U.S. DDGS is in China’s interest,” the groups said.
–The Hagstrom Report
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User
EVERY day in Ukraine as tractor drivers tend to the crops in the fields they hit land mines hidden in the ground by Russian soldiers when they occupied various regions.