Concern that price of frozen potato products in South Africa will increase

Published 2023년 5월 25일

Tridge summary

The International Trade Administration Commission of South Africa has imposed import duties on frozen potato chips from Belgium, Netherlands, and Germany, ranging from 8.8% to 239%, for the next five years. This decision, approved by the Minister of Trade Industry and Competition, Ebrahim Patel, is aimed at preventing further dumping and is welcomed by Potatoes SA as a measure to protect local producers and boost local competitiveness. The move may, however, lead to an increase in the price of frozen potatoes in South Africa, contributing to already high food inflation.

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Original content

There are concerns among some economists that the price of frozen potatoes may increase, adding to already high food inflation in South Africa. The International Trade Administration Commission has introduced import duties on imported frozen potato chips from three countries in Europe namely Belgium, Netherlands and Germany for the next five years. The duties range from between 8.8% to 239% to prevent further dumping. The duties were approved by Minister of Trade Industry and Competition, Ebrahim Patel. Potatoes SA has welcomed the anti-dumping decision as it helps protect local producers and enhances local competitiveness. Thabile Nkunjana, Agricultural economist: "So this means then that the local industry is going to have to sort of make sure that it meets the remaining amount that ...

Source: Potatopro