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EU likely to lower brown rice import tariff in March amid container shortages: sources
The EU is increasingly expected to lower import tariffs on brown rice in March, according to European market sources.
Under the current framework, the Commission reviews brown rice imports biannually – in March and September – and sets the import tariff at either Eur30/mt, Eur42.50/mt or Eur65/mt, depending on the rate of imports.
If biannual brown rice imports are lower than 191,113 mt, the tariff will be set at the lowest rate. If imports exceed 258,565 mt, it will be set at the highest rate, and if imports are between these thresholds, it will be set at Eur42.50/mt. The current import tariff of Eur65/mt has been in place since March 2019.