Loading…
China's Commerce Ministry said it will keep anti-dumping and anti-subsidy tariffs on US DDGS for five more years, with combined rates up to 66%. The tariffs had expired in 2021 and were followed by a one-year review ending January 11.
Analysts say US exporters have already moved sales to South Korea and Mexico, which limits the impact.
Continued Chinese tariffs keep a major potential buyer out of the US DDGS market, but Mexico and South Korea absorb most volume, so the effect on prices should be modest.
feedandgrain.comLisa CleaverJan 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.
