Revision of variable tariff formula for wheat requested

National Treasury stated in a media statement issued on 8 April 2016 that the Minister of Finance had decided to approve the implementation of the amendment of the tariff on wheat, from R911,20 per ton to R1 224,31 per ton, in accordance with the current variable import duty formula. However, it was simultaneously proposed to the Minister of Trade and Industry that a request for an urgent and accelerated review of the variable tariff formula by the International Trade Administration Commission of South Africa be instituted.

The Ministry of Finance voiced its concern about the impact of the higher import duty on wheat on the price of bread and other staple food, but is also mindful of the need to ensure

policy certainty, food security and the financial health of the farming industry. The Ministry of

Finance also proposed that the review be extended to the formulae for sugar and maize, as similar concerns apply. Press Release. To read more, click HERE.

Published on Fri, 1st Apr 2016 - 10:55

Recent Posts

JOINT STATEMENT OF THE DEPARTMENT OF AGRICULTURE, LAND REFORM, AND RURAL DEVELOPMENT AND THE LIVESTOCK INDUSTRY

  Progress: Foot-and-Mouth Disease Outbreak – MOLEMOLE DISTRICT On 1 November 2019, veterinary services were alerted to clinical signs suspected to be Foot and Mouth Disease
Read More

Dairy farmers need to plan to grow unprocessed milk production by less than 2% per year

MPO pointer 5/2019 (12 Nov 2019) This is obviously easier said than done, but ultimately that is the only way in which businesses at the beginning
Read More

Agri SA is proud of its Young Farmer of the Year

  Agri SA congratulated Johan van der Schyff who last night was named Toyota SA/Agri SA’s Young Farmer of the Year for 2019. An egg producer
Read More

POSITIVE FOOT-AND-MOUTH DISEASE RESULTS IN THE MOLEMOLE DISTRICT OF LIMPOPO

On 1 November 2019, veterinary services were alerted to clinical signs of foot-and-mouth disease (FMD) in a herd of cattle on a farm in the Molemole
Read More