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The U.S. International Trade Commission determined that the U.S. methionine industry is materially injured by imports from France. Commerce will issue an antidumping duty order on those imports, though they will not be subject to retroactive duties.
The ITC's full report is expected by July 15, with final determinations on Spain and Japan due in August.
Antidumping duties on French methionine should reduce low-priced import competition in the U.S. and support domestic methionine prices, which raises feed-ration costs for U.S. poultry and swine buyers.
feedstrategy.comAnn ReusJun 11, 2021Not 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.
