Aceto Corporation (Nasdaq:ACET), a global leader in the sourcing, quality assurance, regulatory support, marketing and distribution of pharmaceuticals, nutraceuticals, specialty chemicals and crop protection products, today issued the following comment regarding the petition brought before the U.S. Department of Commerce and U.S. International Trade Commission to impose anti dumping duties on imports of glyphosate from China.
Vince Miata, President and CEO of Aceto said, "A petition to impose anti dumping duties on imports of glyphosate from China was filed on March 31, 2010. We believe that our current inventory, which should be sufficient for the 2010 selling season, is not subject to the petition and we have begun selling our glyphosate product as previously announced. Given the pricing uncertainties that the market may experience as a result of the petition, we believe our challenge will be in planning for future periods' growing seasons, when imports of glyphosate may be subject to additional duties. We intend to evaluate our business plans as this matter develops."
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