In fact, the Chinese Ministry of Commerce has said that it will impose anti-dumping fees from 48.4 percent to 166.2 percent for a period of five years with immediate effect on Cypermethrin imported from India. The ministry said that the step was taken after an investigation, which found that the local industry had suffered a lot of damage and there was a reasonable relationship between dumping and physical damage.
What is cypermethrin?
Cypermethrin is an insecticide that is widely used in agriculture and hygiene. It is used to control pests on various crops including cotton, vegetables, maize and flowers. The purpose of imposing these fees is to protect Chinese growers from the negative effects of import of this product from India. China’s Ministry of Commerce (MOFCOM) said it would impose anti -dumping duty on the import of Cypermethrin from India from Wednesday.
These are stock coming in focus.
Agritech stock shares have declined today and are trading at Rs 149.59. Shares of agricultural company Cauvery Seed Company Limited declined by 2% today and are trading at Rs 1,408.10. PI Industries Limited shares fell 1 percent to Rs 3,624.70 today. At the same time, the shares of India Pesticides Limited are also being noted. The company’s shares are trading up more than 2 percent today to Rs 142.52.
Apart from this, the stock of Insecticides (India) is trading at Rs 679 with a slight increase. The share price of Fertilizers and Chemicals Travancore Limited is also trading at Rs 779.70 with a slight increase today. Apart from this, shares of related companies like Bharat Chemistry, PI Industries Limited, Bare Cropsines Limited, Dhanuka UPL, Sharda Cropkem are also in discussion.
