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China to keep tariffs on U.S. distillers grains while conducting review

Tuesday, January 11, 2022
China to keep tariffs on U.S. distillers grains while conducting review © Reuters. FILE PHOTO: Chinese and U.S. flags flutter outside a company building in Shanghai, China April 14, 2021. REUTERS/Aly Song//File Photo

SINGAPORE (Reuters) - China's commerce ministry said on Tuesday it will maintain anti-dumping and anti-subsidy tariffs on imports of distillers grains (DDGS), a by-product of ethanol production used in animal feed, from the United States during a review.

The ministry will conduct expiry review investigations on the anti-dumping and anti-subsidy measures imposed on DDGS imports from the United States from Jan. 12 and it should end before Jan. 12, 2023, the ministry said in statements.

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.

China's tariffs on U.S. DDGS 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%-53.7% in January 2017, while the anti-subsidy tariffs were raised to 11.2%-12% from 10.0%-10.7%.

The ministry said any interested party could submit suggestions and evidence to the review within 20 days.

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26-01-2022 10:19:39 (UTC+7)

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 GBP/USD1.3498↑ Sell
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 AUD/USD0.7159↑ Sell
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 EUR/JPY129.03↑ Sell
 EUR/CHF1.0385Sell
 Gold1,838.00↑ Buy
 Silver23.907↑ Buy
 Copper4.4970↑ Sell
 Crude Oil WTI87.22↑ Buy
 Brent Oil88.77↑ Buy
 Natural Gas4.105↑ Sell
 US Coffee C239.53↑ Buy
 Euro Stoxx 504,169.55↑ Sell
 S&P 5004,426.77Neutral
 DAX15,468.12↑ Sell
 FTSE 1007,494.02↑ Sell
 Hang Seng24,289.90↑ Buy
 Small Cap 20002,037.45Neutral
 IBEX 358,647.85↑ Sell
 BASF67.530↑ Sell
 Bayer51.62Sell
 Allianz224.83Sell
 Adidas244.95↑ Sell
 Lufthansa7.045↑ Sell
 Siemens AG141.58↑ Sell
 Deutsche Bank AG11.431↑ Sell
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# So hôm qua # Chênh TG
SJC Eximbank6,190/ 6,240
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SJC Hanoi6,180/ 6,247
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SJC Nhatrang6,180/ 6,247
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