Win for UK feed industry trade group on molasses tariffs

Published May 7, 2021

Tridge summary

The UK government has announced the removal of tariffs on molasses imports, effective from May 20, 2021. This decision is expected to benefit UK livestock farmers and suppliers who use molasses in feed. The Agricultural Industries Confederation (AIC) lobbied for this change, highlighting the need to avoid a competitive disadvantage for UK importers and customers of molasses-based products. The new tariff will be a straight 0% tariff on all imports, removing the need for a trigger price mechanism. This development is significant for the UK feed industry, particularly following recent challenges faced by the Irish livestock sector due to tariffs on molasses imports from the US.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

UK livestock farmers and suppliers who use molasses in feed will benefit from a UK government decision to remove the tariff on imports of such products. Feed industry representative body in the UK, the Agricultural Industries Confederation (AIC), said it had lobbied hard for the tariff to be dropped. It took four months of work; the trade group actively engaged with the UK Department for Environment, Food and Rural Affairs (Defra) and the UK Department of International Trade (DIT) to get the duties removed. The AIC and several of its members provided submission of evidence to demonstrate the need for elimination of those duties. The UK government confirmed, in the past week, that the tariffs on imported molasses into the UK will now be dropped from May 20, 2021. “This means that UK importers and customers of molasses-based products will not be placed at a competitive disadvantage. “Over the past months, the AIC has met with MPs, ministers and civil servants to have this ...

Source: UKfeednavigator