A statement from President and Chief Executive Officer Thomas N. Sleight following the announcement by China's Ministry of Commerce (MOFCOM) that it has initiated anti-dumping and countervailing duty investigations of U.S. distiller's dried grains with solubles (DDGS) exported to China:

'We are disappointed to see today the initiation of anti-dumping and countervailing duties investigations of U.S. DDGS exports to China. We believe the allegations by the Chinese petitioners are unwarranted and unhelpful. 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. We are also confident that our trading practices for DDGS, ethanol and all coarse grains and related products are fair throughout the world. We stand ready to cooperate fully with these investigations and will be working closely with our members to coordinate the U.S. industry response.

'The U.S. Grains Council has worked in China since 1981 to find solutions to the challenges of food security through development and trade. There have been measureable positive effects of this work for the Chinese feed and livestock industries and Chinese consumers. We and our members will work vigorously in the coming months to demonstrate that the allegations being investigated by MOFCOM are false, even while we continue to stand ready to expand our cooperation with China on agricultural issues of mutual benefit.'

US Grains Council issued this content on 2016-01-12 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-12 19:45:03 UTC

Original Document: http://www.grains.org/news/20160112/usgc-statement-chinese-initiation-anti-dumping-and-countervailing-duties