Organizations in the News, Trade/Markets/Prices

No justification for China extending potato starch duties, says Starch Europe

© iStock/Goldfinch4everOn Friday (15 September), the Chinese Ministry of Commerce (MOFCOM) confirmed its final decision to extend anti-subsidy duties on exports of EU-manufactured potato starch for another five years. The policy notification published on the Ministry’s Chinese language website, confirmed duties ranging from 7.5% to 12.4%. These duties have been in place since 2010, a response to the EU potato starch support scheme which provided subsidies to manufacturers. However, this EU support scheme came to an end in July 2012 – according to trade association Starch Europe, which means the anti-subsidy duties are no longer warranted. The association, which represents the interests of 95% of European starch suppliers, said in a statement it was disappointed by the decision that fails to be supported by hard facts and figures and sound justification. More

Lockwood Mfg

PULSEMASTER

Dewulf

ELEA

CROP.ZONE

Restrain

HarvestEye

Follow Potato News Today

Please enter your email address to receive notifications of new posts by email.