On Friday, China announced anti-dumping duties on U.S. distillers dried grains, or DDGs, shipped by two U.S. suppliers. The 33.8% duties are effective immediately against Louis Dreyfus and Archer Daniels Midland. There is no word on a final decision, but the duties stem from a months-long investigation by China following complaints that the U.S. was unfairly benefiting from subsidies.
China is the world’s top buyer of DDGs, a by-product of corn ethanol. China imports almost all of its DDGs from the United States, the largest exporter. Trade experts fear the final decision regarding the duties on DDGs could be even higher than the one issued Friday.
Source: NAFB News Service