South Africa further reduces wheat import tariff

11/09/2017,

On 8 September, the Government further reduced (FPMA Food Policies) the wheat import tariff by 60 percent to ZAR 379.34 (USD 28.74) per tonne. Tariff adjustments are implemented when the benchmark US No.2 Hard Red Winter (HRW) wheat export price deviates from the set base price, estimated at USD 279 per tonne, by more than USD 10 for three consecutive weeks. South Africa imports around half of its annual wheat consumption requirements and also exports small quantities to neighbouring countries.

Country: South Africa