Maize import tariff higher for EU


EU raised import tariffs for maize, sorghum and rye to 10.44 Eur/t. EU imports millions of tonnes each year to meet demand for livestock feed. Anyhow grain prices have fallen further to hit their lowest position in more than four years.

Grain prices have dropped this year due to the prospect of bumper crops across the world, including what are expected to be record maize harvests in both the United States and the EU. Previous tariff was set in July at 5.32 Eur/t ending a long period of duty-free imports for the cereals in response to a sharp fall in international prices. It calculates tariffs in relation to the cost of importing U.S. grain. Also new quota was created this year for Ukrainian maize as part of a provisional trade deal between Kiev and the EU.