| Attached you will find an "Information
Sheet" on Milk Protein Concentrate compiled by USDEC & DMI
staff on January, 2001.
We are enclosing for your review a copy of the "Harmonized
Tariff Schedule of the United States (2001)" which correctly
reflects the current duty rate on MPC. The duty rate on MPC is not
10% as stated in the USDEC/DMI staff paper; it is $.0037 per kilogram.
What does this mean? Here's a comparison based
on an import of 100,000 kilos (220,460 lbs.) with an FOB price of $1.00
per lb for MPC that is 42% protein. Please note that MPC comes
with many different protein levels from many different countries.
The higher the protein level - the higher the price.
The example below is based on a hypothetical price of
$1.00 per lb FOB country of origin which we believe is an accurate
assessment of the cost of MPC with 42% protein in the year 2000.
One kilo equals 2.2046 lbs; therefore, at $1.00 per lb. this is equal to
$2.2046 per kilo. |
