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Thursday, December 9, 2021

China to End Anti-Dumping Probe on U.S. Sorghum Imports

China to End Anti-Dumping Probe on U.S. Sorghum Imports© Bloomberg. An employee holds a wicker scoop while preparing sorghum for fermentation at the Kweichow Moutai Co. distillery in the town of Maotai in Renhuai, Guizhou province, China, on Thursday, Dec. 14, 2017. Moutai baijiu’s fiery flavor and potential to appreciate in price is driving blistering demand. That in turn has pushed its market value to more than $145 billion, well past British whisky giant Diageo Plc.

(Bloomberg) — China said it is ending its anti-dumping and anti-subsidy investigation into imports of U.S. sorghum.

The Asian country announced in April that imports would incur a 178.6 percent duty. China’s Ministry of Commerce said it is ending the probe as it is in the public’s interest to do so, according to a statement.

To contact Bloomberg News staff for this story: Niu Shuping in Beijing at [email protected]

To contact the editors responsible for this story: Phoebe Sedgman at [email protected], Pratish Narayanan

©2018 Bloomberg L.P.

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Source: Investing.com

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