US extends anti-dumping duty on Indian preserved mushrooms for 5 years
United States (US) has extended the anti-dumping duty on Indian preserved mushrooms for another five years.
This decision to revoke existing anti-dumping duty orders on preserved mushrooms was taken by US International Trade Commission on cheap imports Chile, China, India and Indonesia.
The move will have a negative impact on India’s domestic exporters as US is a major export destination.
What is Preserved mushroom?
- Preserved mushroom refer to mushrooms prepared or preserved by blanching, cleaning and sometimes slicing and cutting.
- It is very nutritious, rich in fibre, proteins. It has high content of folic acid which is uncommon in vegetables and also has amino acids which are usually absent in cereals.
India’s Preserved mushroom trade and Production
- India exported mushrooms worth 16.08 million dollars in year 2014-15. Major export destinations are US, UAE, Israel and Russia.
- India’s mushroom export to US was record 24.76 million dollars in 2011-12.
- In 2009-10, India produced 40,600 tonnes of mushroom. China is a leading player in terms of mushrooms production.
- Major producing states: Punjab, Haryana, Himachal Pradesh, Uttar Pradesh, Rajasthan and Jammu & Kashmir.
- Solan district of Himachal Pradesh is popular as ‘Mushroom City of India’ because of the vast mushroom farming in the area.
Anti-dumping duties: It is counter import measure under the multilateral World Trade Organisation (WTO) regime to protect domestic producers and market from below-cost/cheap imports. It varies from product to product and from country to country.
Categories: Business & Economy Current Affairs 2017