Chinese March DDGS imports rise 252.5% on month, fall 85.6% on year: customs data

Chemical News: Chinese March DDGS imports rise 252.5% on month, fall 85.6% on year: customs data

https://www.chemnet.com Apr 26,2018 Platts
Chinese imports of dried distillers grains rose 252.5% month on month to 12,894 mt in March from 3,657 mt in February, Chinese Customs Information Center data showed Wednesday.

March's imports had a total value of $2.775 million, according to the customs agency data, up 231.7% from $836,584 in February.

Imports fell 85.6% by volume and 82.1% by value compared with March 2017's 89,761 mt and $15.548 million, the data show.

Chinese DDGS imports in the first three months of 2018 totaled 25,093 mt, down 87.1% compared with 194,632 mt in the year-ago period.

Almost all March's imports came from the US, with a total of 12,893 mt. The remainder, 100 kg, came from Japan.

China used to be the largest buyer of US DDGS, but in September 2016 it imposed a preliminary 33.8% antidumping duty on US DDGS. It then announced a preliminary anti-subsidy tariff of 10%-10.7%.

China announced its final rule in January 2017, increasing antidumping duties to 42.2%-53.7% and its anti-subsidy duties to 11.2%-12.0%.

China removed its 11% value-added tax on imported DDGS in November 20 2017, but antidumping and anti-subsidy duties are still in place.

DDGS are a co-product of ethanol production and are used for livestock feed in domestic and foreign feedlots.

Print | add to Favorites | Close