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China's Commerce Ministry said on January 11 it will extend anti-dumping and anti-subsidy tariffs on US distillers dried grains for another five years. The combined duties reach as much as 66%, following a one-year review period that ended that day.
Chinese ethanol producers are struggling with high corn prices and weak domestic demand.
The extended duties keep US DDGS largely out of China, though US exporters have already shifted sales to Mexico, South Korea and other markets, so the price impact is limited.
agriculture.comJan 11, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
