Sri Lanka Reduces Corn Import Duty

Sri Lanka recently put in place a temporary tariff reduction for imported corn, but USDA’s Foreign Agricultural Service expects the move to have minimal impacts on U.S. corn because Indian corn prices are lower. The new duty, imposed under a “Special Commodity Levy,” reduces the tariff on corn from 75 Sri Lankan Rupees per kilogram to 25 per kilogram, or about .076 cent, for about six months from Aug 18.