
U.S. Soybean growers disappointed with decision on 2,4-D duties
The International Trade Commission has voted in favor of imposing final anti-dumping and countervailing duties on imports of 2,4-D from China and India.
American Soybean Association (ASA) president Caleb Ragland said the announcement of the final duties on imports is disappointing to soybean growers who depend on imports of generic 2,4-D in combination with other herbicides for burn-down purposes to kill weeds before planting, particularly in no-till and minimum-till operations.
Earlier this month, Ragland testified in front of the ITC regarding the negative impact additional duties would have on soybean and corn farmers.
Ragland said for soybean farmers, times are already tough, production costs are nearing record highs, and the prices of soybeans have decreased more than 40 per cent in the past three years.