Brazil: MDIC investigates possible dumping in powdered milk exports from Argentina and Uruguay

BRASILIA (Reuters) - The Secretariat of Foreign Trade (Secex) of the Ministry of Development, Industry, Commerce and Services announced that it began an investigation on Wednesday to look into possible dumping practices in exports of powdered milk from Argentina and Uruguay. The investigation was prompted by a petition filed by the Brazilian Confederation of Agriculture and Livestock and is expected to last 10 to 18 months. Secex may apply anti-dumping measures, such as a surcharge on the import of products, if the investigation proves unfair price reductions. “After the formalization of the request, we conducted a preliminary analysis of the data and identified that there were elements to actually proceed with an investigation,” said the Secretary of Foreign Trade of the MDIC, Tatiana Prazeres, in a statement. Dumping consists of the sale of products below the reference price range, called “normal value,” and is considered an unfair practice by the World ...