Jungbunzlauer has expressed its disappointment following the announcement by the U.S. Department of Commerce of a final dumping margin of 29.98% for xanthan gum from Austria.
A dumping margin is the difference between what the relevant authority believes to be the "fair price" of a commodity and the price charged for export. It is used as the basis for setting anti-dumping duties.
Jungbunzlauer believes that the decision is based, in large part, on a technicality that has nothing to do with the prices at which Jungbunzlauer sells xanthan gum in the United States. Nevertheless, Jungbunzlauer says that it is very confident that if an anti-dumping order is issued, the U.S. Department of Commerce will recalculate a reduced dumping margin during future proceedings.
The company concluded by saying that it is strongly committed to maintaining its global presence and specifically committed to continue to service its customers in the United States.
