US Slaps Duties on Vietnamese Raw Honey for Unfair Pricing
Published Date: 4/14/2025
Notice
Summary
The U.S. checked if two Vietnamese honey companies, Ban Me Thout and DakLak Honeybee, sold their raw honey in the U.S. for less than fair prices from August 2021 to May 2023. They found that these companies did sell below normal value, so antidumping duties will apply. This means importers might pay extra fees, helping protect U.S. honey sellers and keeping things fair.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Antidumping Duties on Two Vietnamese Honey Firms
The Department of Commerce found that Ban Me Thout Honeybee Joint Stock Company and DakLak Honeybee Joint Stock Company sold raw honey in the U.S. at less than normal value during August 25, 2021 through May 31, 2023. As a result, antidumping duties will apply to those entries and importers of those shipments may have to pay extra fees tied to those sales.
Protects U.S. Honey Sellers from Undercutting
Commerce’s finding that two Vietnamese suppliers sold raw honey below normal value is intended to protect U.S. honey sellers by applying antidumping duties to those foreign sales for the period August 25, 2021 through May 31, 2023. This action is meant to keep competition fair for domestic honey producers.
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