SA wheat tariff hike won�t impact on local market

Thursday, April 14, 2016

Bread prices are unlikely to rise despite a wheat import tariffs hike in South Africa

The Botswana Millers Association has assured consumers that the recent increase on South African wheat imports tariff is not expected to impact on local bread and food prices.

Speaking to the Mmegi Business in an interview, Nkosi Mwaba the association’s chairman said the 34 percent increase in the import duty on wheat announced by the South African government last week will have no direct impact on the local market.

“We trade on Safex (South African Futures Exchange) and as of today there has not been any movement of prices of bread and food,” he said.

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