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Wednesday, January 13, 2016

U.S. Grains Council Disappointed Over Chinese Investigations

The U.S. Grains Council said Tuesday it was disappointed in the announcement by China to initiate anti-dumping and countervailing duties investigations of a U.S. product. The Chinese Ministry of Commerce announced the investigation of U.S. distiller’s dried grains with solubles exported to China this week. U.S. Grains Council’s CEO Thomas Sleight said he believes the allegations are unwarranted and unhelpful, stating “they could have negative effects on U.S. ethanol and DDGS producers, as well as on Chinese consumers, potentially over a period of many years.” Sleight said that USGC is also confident that U.S. trading practices for DDGS, ethanol and all coarse grains and related products are fair throughout the world. However, he added, “We stand ready to cooperate fully with the investigations.”