Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   

AGRO PHOTO

FIELD DAY CONTINENTAL FARMERS GROUP
 


Home > News

Kenya. Wheat Import Duty Cut May Create Yawning Gap

29.07.2010 14:29 "Agro Perspectiva" (Kyiv) The likely global wheat prices rally on depressed harvest by leading producers has complicated the raging debate on the government’s decision to lower duty on imported produce. During his 2010/2011 Budget, Finance minister Uhuru Kenyatta announced the reduction of the import charge on wheat from 35 per cent to 10 per cent. Currently there is standoff between farmers and millers. The expected global price increases have led to farmers withholding their harvested wheat while importers are not unloading their cargo at the port as they wait for the government to revise the tariff. It has now emerged that farmers have stopped delivering their produce to millers in the hope that reduced wheat production due to poor weather that has simultaneously hit many of the world’s wheat-growing countries would lead to higher prices. Millers say they are offering local farmers Sh2,300 a bag, which is equivalent to the cost of imported wheat at Mombasa port. Wheat prices surged to a six-month high two weeks ago as hot weather in some parts of Europe together with heavy rains in others cut expected production. Western Europe and parts of Russia and Kazakhstan have suffered hot and dry conditions during the month, affecting crops at a sensitive point in their growth phase that has led to cuts in official output forecasts. Heavy rains in Ukraine have prevented harvesting. Cereal Millers Association chairman Diamond Lalji yesterday confirmed his members are not receiving wheat from farmers. He said importers were unwilling to discharge it at the Mombasa port because they would have to pay 35 per cent duty instead of 10 per cent. «You can see the dilemma millers are in; farmers are not delivering their wheat, and imported wheat is not coming in either,» Mr Lalji told Sunday Nation. «What happens when we run out of what we have in our stores? Tanzanian and Ugandan wheat flour will starting coming into the country.» As per East African Community regulations, Kenya, Uganda and Tanzania should have started charging 10 per cent duty on imported wheat grain on July 1, 2010. According to a notice published in the East African Community Gazette, EAC Council of Ministers — the community’s decision-making organ — approved the fee reduction on June 29, 2010. The council said it exercised powers of EAC Customs Management Act, 2004. It approved the reduction of the import duty on wheat grain from 35 per cent to 10 per cent for Kenya, Tanzania and Uganda for a period of one year. It also endorsed reduction of import duty on wheat grain from 35 per cent to zero per cent for Rwanda for a period of one year. Alongside wheat, sugar prices could rise as white sugar touched a four-month peak of $607 (Sh49,470) a tonne as available supplies remained extremely tight. Mumias Sugar Company managing director Evans Kidero on Saturday said that globally sugar prices have been on the rise but have remained stable locally. He said the company had not increased its recommended retail prices in the last three months. «We hope sugar, whose duty is not paid, does not get into the country through our porous Kenya-Somalia border,» he told Sunday Nation. «But I think now the government is alert along this border to keep away un-customed sugar.»

Agro Perspectiva

< Jun frozen beef/veal output up 29.3%, to 2,000 MT All news for
29.07.2010
Making the most of Europe's rich harvest >

17.09.2020  
17:15 Development of secondary govt bond market could solve problem of financing of state budget 2021 deficit member of NBU Council
16:25 Drought Continues to Stymie Romanian Oilseeds
16:15 Private Exporters Report Sales Activity for China and Unknown Destinations
16.09.2020  
15:30 Case IH Adds New Configurations to Seeding and Planting Portfolios
14:20 COVID-19 impacts driving up acute hunger in countries already in food crisis
13:25 J.P. Morgan expects Ukraine's GDP to fall by 4% in 2020, grow by 6% in 2021
15.09.2020  
16:15 Belarus Expanded Crush Capacity Drives Soybean
15:45 The world is falling behind on SDGs
11.09.2020  
16:20 Money supply in Ukraine expands by 0.7% in Aug
14:12 Asia-Pacific countries pledged bold and innovative action for food security and livelihoods
13:35 FAS Cairo (Post) forecasts Egypts wheat production in MY 2020/2021 to reach 8.9 MMT
13:30 Fall of Ukraine's GDP slows down to 6.2% in seven months Economy Ministry
12:00 Hot testing starts at Chernobyl spent-fuel storage
10.09.2020  
16:15 Private exporters reported to export sales of 195,000 metric tons of soybeans
16:10 BASF New Business and G-Philos sign MoU for cooperation in power-to-gas (P2G) business
09.09.2020  
13:33 PrivatBank remains most profitable Ukrainian bank, Ukreximbank unprofitable in seven months
07.09.2020  
15:00 NBU retains grain harvest forecast at 72 mln tonnes in 2020
13:25 EBRD providing 10 million loan to Ukraines Agrofusion
05.09.2020  
09:45 Cereal supplies to remain ample in 2020/21 despite this months cut in global production forecast
09:25 International quotations for sugar, vegetable oils and coarse grains increased from July
04.09.2020  
11:17 EBRD providing EUR10 million loan to Ukraines Agrofusion
03.09.2020  
12:00 Deere completes Unimil acquisition
02.09.2020  
16:00 Agroton sees $3.6 mln in net loss in H1 2020
11:40 The Nature Conservancy, Cargill, McDonalds and Target unite to support Nebraska farmers regenerative agriculture practices to invest in an even more sustainable beef supply chain
01.09.2020  
17:07 EBRD launches assessment tool to help mitigate coronavirus impact
28.08.2020  
10:29 EBRD supports green expansion of Ukrainian retailer Novus
26.08.2020  
16:15 Private Exporters Report Sales Activity for China
16:00 In 2021, Mexicos chicken meat production is expected to increase by almost 3 percent
25.08.2020  
14:10 More than 3 million people facing acute food insecurity as Burkina Faso grapples with COVID-19 and conflict
12:35 Cherry production forecast in Turkey in MY 2020/21 is 918,000 MT
19.08.2020  
16:25 Ukraine ready to expand agricultural exports to Israel - Stefanishyna
16:11 Private Exporters Report Sales Activity for China
18.08.2020  
16:16 Private Exporters Report Sales Activity for China and Unknown Destinations
15:45 France's Sugar Beet Crop Devastated by Disease - Sugar Industry's Viability Threatened
13:35 Economy Ministry sets maximum volume of wheat exports for current season at 17.5 mln tonnes
13:20 EBRD strengthens regional agribusiness value chains
17.08.2020  
16:10 Cabinet approves program for reforming and developing alcohol industry for 2020-2023
12:50 Hong Kong Banned Imports from a Brazilian Poultry Plant due to Coronavirus
14.08.2020  
12:25 North Africa Projected to Be Top Wheat Importing Region
11:55 China Peanut Imports Reach Record High in 2019/20
13.08.2020  
10:56 ASTARTAs consolidated revenues amounted to EUR172m in the 1H20 with exports share of 53%
12.08.2020  
10:45 Cargill works to positively impact communities where employees live and work
11.08.2020  
13:45 Raiffeisen Bank Aval gained more than UAH 2 bn profit for the first half of 2020
10.08.2020  
10:45 French wheat crop down almost 25 percent and wheat exports projected to decline
07.08.2020  
16:00 Economy Ministry estimates decline of Ukraine's GDP in H1 at 6.5%, in Q2 at 11%
14:25 Ukraine's forex reserves 1% up in July NBU
14:15 MoAFW estimates total area sown through July 24, 2020 at 79.99 million hectares
06.08.2020  
15:10 Global food prices rise in July
04.08.2020  
10:45 Manitou. H1 20 net sales of 762m
03.08.2020  
23:00 In 2019, the value of U.S. fresh fruit and vegetable exports to the world reached $7.1 billion

Also available: 

Agrarian Week in digital



READ ON-LINE




NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2020 © Agrarika, ltd.
tel.: +380 44 4868119; +380 44 5934540
e-mail: client@agroperspectiva.com