European Union: EU Eliminates Grain Import Duties
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The European Commission (EC) eliminated EU import duties for corn, sorghum and rye on August 27, 2020, only four months after re-introducing duties for the first time since March 2018. The reintroduction of duties in April 2020 were allegedly triggered by the decline in U.S. corn prices after the COVID-19 crisis significantly reduced the demand for U.S. bio-ethanol production.