The United States commerce department has announced the preliminary determinations in the ongoing 11th administrative reviews of the anti-dumping duty orders against frozen warm water shrimp from India and Thailand.
The US is the largest importer of Indian shrimps. The new rate applies to 229 Indian producers and exporters not selected for individual examination, sources said. The review-specific average duty in the 11th round was lower than the final tenth review rates. Because of the duty being lowered, a lot of major exporters will stand to get duty refunds, which will be a big boost for the exports.
The US is the largest market (1,34,144 tonnes) for frozen shrimp followed by the European Union (81,849 tonnes), South East Asia (65,188 tonnes), Japan (34,204 tonnes), Middle East countries (17,477 tonnes), China (9542 tonnes) and other countries (31,464 tonnes).
US government cuts anti-dumping duty on shrimp exports
Source: Business Standard
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