China's top feed firm asks govt to stop probe on U.S. DDGS

Reuters
BEIJING, March 6 Sun Mar 6, 2011 5:59am EST

BEIJING, March 6 (Reuters) - China's largest animal feed producer, New Hope Group (000876.SZ), called on the government to stop its anti-dumping investigation against exports of U.S. DDGS, a by-product of corn-based ethanol used to substitute corn by feed mills.

"The investigation has not consulted the feed industry and only represents the interests of some ethanol producers," Liu Yonghao, chairman of China's largest private agricultural conglomerate New Hope, told reporters on the sidelines of the annual parliament session.

Cheap U.S. DDGS imports last year helped cut costs for feed mills and China's investigation launched late last year have driven up domestic prices of the by-product, said Liu, a member of the advisory body to the parliament.

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