Shrimp exporters’ share prices fall on CVD
May 30, 2013
Shares in shrimp exporters eased, led by a 2.1 percent fall in Thai Union Frozen Products, amid concerns about potential anti-dumping tariffs on shrimp exports to the United States.
Under the preliminary decision, the U.S. Department of Commerce announced it would impose 2.09 percent countervailing duties (CVD) on products imported from Thailand, apart from other countries including China and Malaysia, brokers said.
The U.S. Department of Commerce is scheduled to make its final CVD determination in late September, they said.