Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
News


September 13, 2017

 

EU increases import duties for corn, sorghum, rye 

 

 

The import duty for corn, sorghum and rye in the European Union was has been revised upward to €10.95 per tonne due to a weaker US dollar, and therefore a lower price for American corn.

 

This revised tariff, triggered by an automatic mechanism that calculates import duties, will avoid putting European producers at a disadvantage, according to the European Commission.

 

The new tariff, which was published on Sept. 1 in the Official Journal, was arrived at by calculating the difference between a European reference price and the US corn price.

 

This is the second tariff update for the three cereals in August. On August 8, the import duties went up to €5.16 per tonne due to a global record harvest expected for 2016/17, which resulted in a large supply of the cereal and lower prices in the global market.

 

According to the EC, Import duties are now fixed from Sept. 1, and will apply until a new figure is required and calculated by the automatic mechanism in place.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read