India's LT Foods falls on US duty against unit's soybean meal exports
23/06/2025 06:27
** LT Foods LTOL.NS falls 3.9% to 416 rupees, its biggest intraday loss since April 9 ** United States Department of Commerce's International Trade Administration applies the "adverse facts available" methodology to co's unit Ecopure Specialities ** As a result, department has imposed a 340.27% countervailing duty on unit's organic soybean meal exports to the U.S. ** The method is used by U.S. authorities when co fails to fully cooperate with a trade probe, often resulting in the highest possible duty ** Stock has gained 3.3% in 2025 so far (Reporting by Yagnoseni Das in Bengaluru) ((Yagnoseni.Das@thomsonreuters.com;))
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