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China's Ministry of Foreign Affairs said it will again exempt U.S. DDGS imports from the 11% value-added tax. Anti-dumping and countervailing duties from January 2017 remain in place.
River slowdowns also pushed DDGS and barge prices higher in the week of November 10.
Removing the VAT lowers the landed cost of U.S. DDGS into China, a key market, which supports export demand and DDGS prices, while barge delays add freight costs.
dtnpf.comMary KennedyNov 13, 2017Not enough comparable past events yet for a historical read.
Not 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.
