PRLog (Press Release)
- Dec. 6, 2012 -
"In economics, "dumping" is any kind of predatory pricing, especially in the context of international trade. It occurs when manufacturers export a product to another country at a price either below the price charged in its home market, or in quantities that cannot be explained through normal market competition.”
On Nov. 16, 2012, the Australian Customs and Border Protection Service (CBP) announced the resumption of antidumping investigation on formulated glyphosate exported to Australia from China. The CBP has initiated an investigation following an application by Nufarm Limited and Accensi Pty Limited, manufacturers of formulated glyphosate in Australia. The application seeks the publication of a dumping duty notice in respect of formulated glyphosate exported to Australia from China. The application alleges that formulated glyphosate has been exported to Australia from China at prices less than its normal value and that the dumping has caused material injury to the Australian formulated glyphosate industry. The Australian Customs started the antidumping probe in February and terminated the probe with a no-dumping ruling in Aug. 2. Then Nufarm Ltd, a representative of the Australian formulated glyphosate industry, lodged an application to the Review Officer for a review of the decision to terminate the investigation on Aug. 28, 2012. And the Review Officer revoked the terminate decision on Oct. 23, 2012, which led to the resumption of the investigation as of Oct. 25, 2012. Faced with such event, what will be the fate of the Chinese glyphosate? CCM‘s experts will investigate the future development of Chinese glyphosate market, please stay focus on CCM's coming global report: World Outlook of Glyphosate 2012-2016. http://www.cnchemicals.com/Special/SignsOfRecoveryInGlyph...
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