SA has been getting German frozen chips at 190% below cost price, regulators say

Germany has been dumping frozen chips in South Africa at way, way below cost, says SA's International Trade Administration Commission.Itac is now starting up an anti-dumping investigation that is likely to lead to a protective tariff for local producers – after previous tariffs expired because of a technical failure.

On Friday, the International Trade Administration Commission of South Africa said it had"gathered sufficient evidence to establish a prima facie case based on dumping, material injury and causality", and had decided to self-initiate a formal anti-dumping review. Those low prices have seen an increase in imports, with evidence of local producers suffering"price undercutting and price suppression, as well as an impact in terms of a decline in sales and production volumes; negative net cash flow; a decline in return on investment; a decline in capacity utilisation; a decline in profits, a decline in market share; a decline in employment and negative growth.

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