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DGTR Recommends Anti-Dumping Duty on Pretilachlor and Acetonitrile

Synopsis:

DGTR has recommended imposing anti-dumping duty on Pretilachlor and acetonitrile imports from China, Russia, and Taiwan. Shares of IFB Industries surged 3.5%, while Alkyl Amines saw a 9.7% rise amid the news, reflecting positive market reactions.


The Directorate General of Trade Remedies (DGTR) has recommended imposing anti-dumping duty on the import of Pretilachlor from China. Pretilachlor is an essential herbicide used to control weeds in rice and paddy fields. This move aims to safeguard domestic manufacturers from cheap imports and boost local production. Additionally, the DGTR has also recommended anti-dumping duty on acetonitrile imports from China, Russia, and Taiwan. Acetonitrile is a crucial chemical used in various industries, including pharmaceuticals and agrochemicals.

The government has already imposed anti-dumping duty on imports of roller chains from China following a plea from IFB Industries. The IFB Industries share price surged by 3.5% on Monday, reflecting a positive market response. Meanwhile, the Alkyl Amines share price also witnessed a sharp spike of 9.7%, driven by expectations of improved domestic competitiveness.

Also read: SBI Life Insurance gets ₹352.50 crore tax demand, plans to appeal

IFB INDUSTRIES LTD

Trade

1290-29.40 (-2.22 %)

Updated - 30 April 2025
1326.40day high
DAY HIGH
1284.50day low
DAY LOW
19599
VOLUME (BSE)

Key Takeaways

  1. DGTR recommends anti-dumping duty on Pretilachlor imports from China.

  2. Duty also recommended on acetonitrile imports from China, Russia, and Taiwan.

  3. IFB Industries share price rose by 3.5% on Monday, while Alkyl Amines share price surged by 9.7%.

  4. India Pesticides saw a sharp surge of 11% towards Monday’s market close.

  5. Anti-dumping duty on roller chains from China already imposed.

Also read: UCO Bank QIP Opens at ₹36.07 Per Share; Aims to Raise ₹2,000 Crore

Impact on Indian Stocks

The recommendation to impose anti-dumping duty on Pretilachlor is expected to impact companies like India Pesticides, Insecticides India, and NACL, which deal in agrochemicals. Shares of IFB Industries surged by 3.5% on Monday, while Alkyl Amines share prices ended 9.7% higher, reflecting positive sentiment. India Pesticides shares also saw a sharp rise of 11% during the trading session, showcasing investor confidence in the company’s future prospects.

Company

Monday’s Closing Price

Change (%)

IFB Industries

Higher

+3.5%

Alkyl Amines

Higher

+9.7%

India Pesticides

Higher

+11%

The DGTR’s recommendation to impose anti-dumping duties on key chemicals from China, Russia, and Taiwan aims to protect domestic manufacturers and reduce dependency on imports. As a result, companies like IFB Industries, Alkyl Amines, and India Pesticides are seeing positive market reactions. Going forward, investors are likely to keep a close watch on these stocks, given the potential for improved profitability and domestic competitiveness.

Also read: Central Bank of India opens QIP at ₹42.62; shares gain 3.77%

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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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