Effective Immediately: Suspension Agreement to Sharply Increase Floor Prices for Mexican Tomatoes

US Department of CommerceAs reported by The Produce News, the U.S. Department of Commerce published the final version of a newly renegotiated antidumping investigation suspension agreement with producers and exporters of fresh tomatoes from Mexico, which sharply increases the reference or floor prices at which Mexican tomatoes can be sold in the United States, effective immediately.

The new reference prices, which are identical to those in the propose agreement announced by Commerce Feb. 2, range from nearly 50 percent higher than under the previous agreement to nearly three times as high.

Importantly, under the final version of the new agreement PACA is now involved in actively enforcing the agreement.  Violators could face serious penalties from fines up to losing your PACA license for repeated and flagrant violations.

See Suspension Agreement Will Sharply Increase Floor Prices for Mexican Tomatoes

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s