Cheddar Cheese Imports at the
High Tier Tariff 1995 - 1999
American-Type Cheese Imports at
High-Tier Tariff 1995 - 1999
High Tier Tariff Cheese Imports Increase
Continued economic growth and consumer willingness to spend generated brisk domestic demand for dairy products during most of 1998. Record prices, a strong U.S. dollar, and heavy use for most dairy products made it economically feasible to import cheese and other dairy products at the high-tier duty rate. Sales of most American varieties were almost three percent above a year earlier and other varieties were about one percent higher. The greatest quantities of high-tier tariff cheese were imported from New Zealand.
For 1999, strong domestic cheese prices continue to encourage imports of American-Type and Cheddar cheese thus far. USDA is forecasting that 1999 cheese prices will be much higher than the five-year average, which could lead to record levels of high-tier tariff imports.