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China Imposes Duties on US DDG | KRVN Radio

China Imposes Duties on US DDG

China’s Ministry of Commerce said Friday that it was imposing antidumping duties on distillers dried grains imported from the U.S.

In its preliminary ruling, the ministry said the U.S. was dumping distillers’ dried grains in China, damaging the domestic industry. Dumping refers to selling goods at below-market prices.

Starting Friday, importers are expected to provide a deposit to the customs in accordance to each company’s dumping profit margin, which stands at 33.8%.

The ministry didn’t say when it would issue a final decision.

In January, it said it was investigating alleged dumping in response to complaints from domestic producers.

Distillers dried grains, a byproduct formed when corn is processed into ethanol, are fed to livestock in China. The U.S. is among the world’s largest exporters of distillers grains.

A statement from the U.S. Grains Council (USGC), the Renewable Fuels Association (RFA) and Growth Energy:

“As the Council asserted at MOFCOM’s hearing, U.S. DDGS have not caused any injury to China’s DDGS producers. Instead, DDGS play an important role in protecting Chinese feed producers and households against unpredictable swings in global commodity prices.

“We welcome opportunities to work together with the Chinese government, Chinese feed producers and consumers to continue to meet China’s growing feed demand in a mutually beneficial way for all parties as China implements market-oriented agricultural pricing reforms.

“We are confident that U.S. DDGS are not being dumped and are not causing or threatening injury to Chinese producers.

“Our industry deeply appreciated the support that we received at the recent hearing in China from our Chinese customers, and we remain hopeful that MOFCOM will find in its final determination that continued access for U.S. DDGS is in China’s interest.”

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