Shares of LT Foods declined 3.47% to ₹417.85 in early trade on Monday, June 23, after the United States Department of Commerce (US DoC) slapped a steep 340.7% countervailing duty (CVD) on organic soybean meal exports by the company’s wholly-owned subsidiary, Ecopure Specialities.
The US DoC levied the highest possible CVD using the “adverse facts available” methodology, which is generally applied when the respondent fails to provide sufficient or timely information. This punitive action could significantly restrict Ecopure’s access to the US market—one of its major destinations for organic agricultural products.
LT Foods, which closed the previous session at ₹432.85, saw its stock drop to ₹417.85, wiping off over ₹1,300 crore in market cap. The company’s current market capitalization now stands at approximately ₹150.31 billion.
Ecopure Specialities stated that it is actively evaluating all legal remedies, including appeals and administrative reviews, to challenge the US decision.
The development comes amid increasing trade scrutiny from US authorities, especially in the organic and agricultural sectors, where subsidy practices are under intense observation.
