LT Foods Secures Major Relief in U.S. Countervailing Duty Review

LT Foods Limited received significant positive developments in the ongoing U.S. countervailing duty (CVD) administrative review on organic soybean meal exports from India.

Background of the Administrative Review

The U.S. Department of Commerce, International Trade Administration (US DoC) initiated the review covering January 1, 2023, to December 31, 2023. Initially, the US DoC applied the 'adverse facts available' (AFA) methodology to Ecopure Specialities Limited, LT Foods' step-down subsidiary, imposing a provisional CVD rate of 340.27%. This affected Ecopure's sales of ₹50 crore during the review period.

The company had previously disclosed these developments on June 20 and June 23, 2025.

Final Order Outcome

Through its Final Order dated February 23, 2026, the US DoC substantially revised the CVD rate applicable to Ecopure's exports. The duty rate dropped from 340.27% to 75.48%, resulting in a potential liability reduction of ₹163 crore.

Strategic Business Impact

This downward revision provides material financial relief for LT Foods, mitigating the impact on its organic soybean meal exports to the United States. The resolution strengthens the company's position in international trade compliance and export operations.

Shares of LT Foods Limited was last trading in BSE at Rs. 408.10 as compared to the previous close of Rs. 409.25. The total number of shares traded during the day was 41658 in over 1377 trades.

The stock hit an intraday high of Rs. 412.00 and intraday low of 403.50. The net turnover during the day was Rs. 16961354.00.

Source : Equity Bulls

Keywords

LTFoods INE818H01020 DAAWAT PackagedFoods USA CountervailingDutyReview