Jan 12, 2022

China to Keep Tariffs on U.S. DDGS While Conducting Review

China's ministry received an application for expiry review of anti-dumping measures submitted by the China Alcoholic Drinks Association

China's commerce ministry said it will maintain anti-dumping and anti-subsidy tariffs on imports of distillers grains (DDGS) from the U.S. during a review, reports Reuters.

China's tariffs on U.S. DDGS, a by-product of ethanol production used in animal feed, were first implemented in 2016 at a rate of 33.8%, and its imports of the feed ingredient fell sharply.

Anti-dumping duties were raised to the current level of 42.2% to 53.7% in January 2017, while the anti-subsidy tariffs were raised to 11.2%to 12% from 10% to 10.7%.

The ministry said it had on Oct. 25 received an application for expiry review of anti-dumping measures submitted by the China Alcoholic Drinks Association on behalf of China's dried corn distiller's grains industry.

The ministry will conduct the investigations on the anti-dumping and anti-subsidy measures on U.S. DDGS imports from today through January 12, 2023.

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Marketwatch: Jan, 25

US Corn Price Idx: ZCPAUS.CM

open: 5.9845
high: 6.0765
low: 5.9569
close: 6.0712

US Soybean Price Idx: ZSPAUS.CM

open: 13.5198
high: 13.623
low: 13.3854
close: 13.5849

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 7.7845
high: 7.9894
low: 7.7694
close: 7.9771

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 7.4426
high: 7.6199
low: 7.4051
close: 7.6001