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China plans temporary anti-dumping measures on Brazilian broilers

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Staff Writer | June 9, 2018
China will impose temporary anti-dumping measures on Brazilian broiler chickens from June 9, the commerce ministry said, after finding in a preliminary ruling that its domestic industry has been substantially damaged by the imports.
Brazilian broilers
Trade   There was a positive trend in some areas
Local firms buying Brazilian chicken will be required to pay deposits ranging from 18.8% to 38.4% of the value of their shipments, the ministry said in a statement. The measures cover products supplied by top Brazilian exporters JBS and BRF.

Brazil accounted for more than 50% of broiler products supplied to China, the world’s No. 2 poultry consumer, between 2013 and 2016, the commerce ministry said when it announced a probe of the imports last August.

“During the period of damage investigation, the quantity of imported products and market share from Brazil have continuously increased, and the prices of similar domestic products have been drastically reduced, causing serious damage to domestic industries,” the ministry said on Friday.

It added that while there was a positive trend in some areas of the domestic industry, selling prices and profits fell, and stocks increased, with the industry losing money.