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South Africa reinstated anti-dumping and additional duties on imported chicken from July 31, 2023, with a maximum of 265% on Brazilian product on top of an existing 62% tariff. Higher duties also apply to imports from Ireland, Poland, Spain and Denmark.
The author argues that landed import costs are far below local producer prices.
Sharply higher import duties cut South African demand for imported frozen chicken and shift supply toward local producers, which tightens the domestic market and reduces import flows from Brazil.
cbn.co.zaCBNJul 30, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
