China has increased tariffs on imports of U.S. DDGs significantly from levels first proposed last year. In a final ruling, the anti-dumping duties will range from 42.2% to 53.7%, up from 33.8% in its preliminary decision in September. Understand, China is the world’s top buyer of DDGs and imports almost all of its needs from the U.S., the largest exporter. Many Chinese buyers have already started to wind back imports of U.S. DDGs since the September ruling. As a consequence, imports from the U.S. have steadily dropped in recent months. Year-to-date for the Current Marketing Year, we are down -70% compared to this time last year.
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