The European Commission announced on Friday 1 September that the import duties on maize, sorghum and rye had been updated. From 1 September, they were increased to €10.95 per tonne, following on from the Commission decision to introduce duties of €5.16 per tonne from 8 August.
The reason for the rise in these import duties is the weaker dollar, which has again caused a fall in the price of maize in Chicago.
The automatic mechanism that calculates import duties was triggered in order to...