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

12 Junie 2019

Die tweejaarlikse Grootkuddekonferensie het onlangs in Port Elizabeth plaasgevind en is deur die meeste mense in die 20 jarige bestaan van die Konferensie bygewoon. Dr Chris
Read More

23 Mei 2019

Tydens ’n televisie-onderhoud op Grootplaas het Barbara Bieldt vertel hoekom dit vir die MPO belangrik is om saam met meer as 70 lande wêreldwyd dié dag
Read More

23 Mei 2019

Die Melkprodusente-Organisasie het hulle Rentmeesterskaptoekennings vir 2019 afgeskop met ‘n beroep aan rolspelers in die suiwelbedryf om melkboere te nomineer vir die kompetisie. Barbara Bieldt van
Read More

25 April 2019

Die opleiding van werkers is ’n belangrike aspek van enige boerdery wat dikwels agterweë gelaat word. Corlia Oberholzer, MPO opleidingsbestuurder, het in ’n televisie-onderhoud op Grootplaas
Read More