S. Korea to extend anti-dumping tariffs on choline chloride

SEOUL, Nov. 26 (Yonhap) -- South Korea said Thursday it will extend the
imposition of its anti-dumping duties on livestock feed additives imported from
the United States, China, India and Canada.
The Korean Trade Commission, the nation's anti-dumping authority, said the
levying of punitive duties on imported choline chloride, which came to an end
last month, will be extended for three years, with the rate ranging from 10.28
percent to 27.55 percent.
Choline chloride is a key nutrient used in livestock feed for chickens and pigs.
It is also used in drugs for animals.
"Anti-dumping duties imposed since October 2004 have resulted in a dip in
imports, but overcapacity and undercutting of prices make it necessary to retain
the present tariff," the commission said.
It said that by maintaining the high duties, Seoul will be able to protect local
manufacturers and stabilize local feed prices.
The local market for the additive stood at 11,629 tons worth 12 billion won
(US$10.4 million) in 2008.
yonngong@yna.co.kr
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