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Geo Specialty Chemicals petitioned the US Trade Representative to remove glycine from the Generalized System of Preferences program. The removal subjects glycine to a 4.2 percent import duty.
Geo says the move will block Chinese producers from routing glycine exports through GSP beneficiaries such as India and Thailand.
The duty affects a specialty chemical rather than a core feed ingredient, so the direct price impact on animal feed is limited. It is a trade policy move that could shift glycine import flows.
cen.acs.orgMarc S. ReischJul 24, 2017Not 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.
