中国将停止美国进口高粱调查
China has decided to stop the anti-dumping and anti-subsidy investigation into imports of sorghum from the United States, the Ministry of Commerce (MOFCOM) said on Friday in a statement.
中国商务部周五在一份声明中表示，决定停止对美国进口高粱的反倾销和反补贴调查。
According to the statement, the investigation authorities found that the price of domestic pork has been falling recently, and many pig farmers are facing difficulties.
Under these circumstances, anti-dumping and countervailing measures against imported sorghum originating in the United States are not in the public interest, as the subsequent price increase of sorghum, an important feed for hogs, will increase the cost for the downstream pig raisers.
The investigation was launched on Feb. 4.
On April 17, MOFCOM handed out a preliminary ruling, which stated that the dumping of American grain sorghum on the Chinese market has dragged down the price of the product in the country and caused material injury to domestic industries.
Therefore, China started to impose anti-dumping measures by substantially raising the import deposit starting from April 18. Any enterprise which imports sorghum from the US is subject to a deposit rate of 178.6 percent.
In the latest statement on Friday, MOFCOM said the deposit collected will be returned in full.