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LT Foods faces U.S. trade setback as Ecopure slapped with 340% duty on organic soybean meal exports
By Aditya Bhagchandani Published on June 20, 2025, 16:34 IST
LT Foods on Friday, June 20, announced that its step-down subsidiary, Ecopure Specialities Limited, has been hit with a steep countervailing duty (CVD) rate of 340.27% on its exports of organic soybean meal to the United States. The penalty stems from an administrative review conducted by the U.S. Department of Commerce, International Trade Administration, covering the period from January 1 to December 31, 2023.
The U.S. authorities invoked the 'adverse facts available' (AFA) methodology under Section 776 of the Tariff Act, 1930, after the review, which resulted in the imposition of the highest possible CVD rate. The decision was officially communicated to Ecopure via a memorandum dated June 13, 2025.
Ecopure is currently assessing all legal options available in response to the ruling. LT Foods has clarified that the financial and operational impact of the order is yet to be determined and will be disclosed once more clarity is available.
The development could pose a significant challenge for LT Foods' international trade outlook, particularly in its organic soybean meal segment.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
