07.02.2010

China is imposing a hefty duty on U.S. chicken of up to 105.4.
Imports of poultry products from the U.S. to China, which has been a profitable business for American poultry farmers, will now be subjected to harsh anti-dumping duties.
The Ministry of Commerce which announced the decision said U.S dumping is hurting China's domestic poultry industry. Once the new directive takes effect Feb. 13, U.S. exporters, including Pilgrim's Pride Corp. and Tyson Foods Inc., will be required to deposit the duty with Chinese customs, pending a final decision on the matter. The ministry listed 35 companies, most of which will have to pay a duty of 64.5%. Pilgrim's Pride will have to pay the highest duty among named companies, of 80.5%, while Tyson Foods will pay the least, at 43.1%. All other U.S. firms not named in the list will pay 105.4%, the ministry said. The affected companies have 20 days to appeal the decision.