European Union decreased import duty for Corn, Sorghum and Rye

European Union decrease import duty for Corn strait from 5.48EURO\MT to 0.26EURO\MT because of corn price growth in USA. New tariff will be effective from 26 of August and the same rate will also be applicable to Sorghum and Rye as well. Due to weather conditions corn losses this year could reach close to 30%.