Friday, May 18, 2018

China Quits Sorghum Anti-Dumping Investigation

China's Ministry of Commerce announced today that its antidumping and anti-subsidy investigation of sorghum imported from the United States would be terminated because duties would not be in the public interest. Provisional duties of 179% imposed last month will be terminated and deposits collected will be returned.

The Ministry's "Announcement on termination of anti-dumping and anti-subsidy investigation of sorghum imported from United States" [关于终止对原产于美国的进口高粱反倾销反补贴调查的公告] released May 18, 2018 said the investigation found that duties would raise costs for consumers and impose even more pain on the beleaguered swine industry which is suffering severe losses due to a 30-percent decline in hog prices since the beginning of the year:
"In the process of the investigation, the investigating organizations received many reactions from downstream users who told the investigation that downstream livestock farming industry would experience higher costs. The anti-dumping and anti-subsidy measures would result in higher costs of living for the broad population of consumers and would not be in the public interest. The investigating organizations found that pork prices had recently been on a sustained declining trend, and many farmers are facing difficulties. In this situation, the anti-dumping and anti-subsidy measures are not in the public interest." [unofficial translation by dim sums blog]

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