United States prolonged the anti-dumping duty of Indian preserved mushrooms for another 5 years [ Current Affairs ]
About preserved mushroom and its trade: Preserved mushroom refer to mushrooms prepared or preserved by bleaching, cleaning and sometimes slicing and cutting. It is very nutritious and rich in fiber and proteins.
- It has high content of folic acid which is uncommon in vegetables and also has amino acids which are usually absent in cereals.
- India’s Preserved mushroom trade and Production India exported mushrooms worth 16.08 million dollars in year 2014 - 15.
- Major export destinations are US, UAE, Israel and Russia.
- India’s mushroom export to US was a record of 24.76 million dollars in 2011 - 12.
- In 2009 - 10, India produced 40, 600 tons of mushroom.
- China is a leading player in terms of mushrooms production.
- Major producing states are Punjab, Haryana, Himachal Pradesh, Uttar Pradesh, Rajasthan and Jammu & Kashmir.
- Solan district of Himachal Pradesh is popular as ‘Mushroom City of India’ because of the vast mushroom farming in the area.
About anti - dumping duties:
- It is counter import measure under the mutual World Trade Organization (WTO) rule, to protect domestic producers and market from below - cost / cheap imports.
- It varies from product to product and from country to country.
- In 2015 Current Affairs, Business & Economy Current Affairs it plays a vital role.
About the decision taken:
- This decision is to cancel existing anti - dumping duty orders on preserved mushrooms which was taken by US International Trade Commission on cheap imports from Chile, China, India and Indonesia.
- The move will have a negative impact on India’s domestic exporters as US is a major export destination
- Published on: September 15, 2015