South Africa’s wheat import tariff revised downward by 45%

JOHANNESBURG – The wheat import tariff has been revised down to R394.85 per ton, a 45percent decline from the previous rate of R716.33 per ton.

The Agricultural Business Chamber (Agbiz) said the new duty was calculated in February last year, following an upsurge of international wheat prices.

However, it was only published in the Government Gazette to make it official on April 6.

The head of Agbiz’s economic research unit, Wandile Sihlobo, said the adjustments in the wheat import tariff were satisfied when the international wheat price deviated from the base price by more than $10 (R120.54) per ton for three …read more