South Africa’s wheat import tariff has been cut by 3% after a fall in international wheat prices, according to the country’s Agricultural Business Chamber. The reduction is good news for millers, whose costs have fallen as a result. Wheat consumption in South Africa has been rising slowly because of sluggish economic growth and the availability of cheap alternatives like corn and rice. The country imports wheat from European countries, including Germany, Russia, the Czech Republic and Romania, partly thanks to a new deal with the EU.
South Africa’s wheat import tariff has been cut by 45% after a fall in international wheat prices, according to the country’s Agricultural Business Chamber. The reduction is good news for millers, whose costs have fallen as a result. Wheat consumption in South Africa has been rising slowly because of sluggish economic growth and the availability of cheap alternatives like corn and rice. The country imports wheat from European countries, including Germany, Russia, the Czech Republic and Romania, partly thanks to a new deal with the EU.