Washington - US Agriculture Department proposed to decrease assessments on imported pork and pork products by one-hundredth of a cent per lb, equal to two-hundredths of a cent per kilogram.
The current assessment rate for imported pork and pork products is 0.45 of one % of market price.
The assessment rate is established every year by a formula based on US market prices for hogs. USDA said they are suggesting the decrease to reflect a 3 % drop in hog prices paid at US markets last year.
“This proposed change will bring importer assessments more in line with those being paid by domestic producers,” Enrique Figueroa, administrator of USDA's Agricultural Marketing Service, said in a statement.
Assessments on domestic and imported pork fund research and promotional activities. Comments on the proposal must be postmarked by July 13.
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