China has set anti-dumping and anti-subsidy duties on imports of US distiller's dried grains with solubles (DDGS) that are higher than the preliminary rates announced in September 2016.
The country’s Ministry of Commerce (MOFCOM) on January 10 issued a final ruling following a year-long probe. Under it, US DDGS will be subjected to anti-dumping duties of 42.2% to 53.7%, Reuters reported. This is an increase from the preliminary level of 33.8%.
The final anti-subsidy duties of between 11.2% and 12% are also above the previously announced range of 10%-10.7%.
The head of the US Grains Council, Tom Sleight, said that the measure “came just ten days after action by the Chinese government to dramatically increase tariffs on imported US ethanol from 5 to 3%, effectively stopping a growth market for US farmers and ethanol producers.”
Provided by SeeNews exclusively for Essentica.
China sets higher final anti-dumping duties on DDGS from US