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2010.04.23 | Customs union: Raw sugar import duty to fall to $50 per tn in May

The import duty on raw sugar will fall to U.S. $50 per tonne on May 1 from the current $140 per tonne, a commission of the Customs Union of Russia, Belarus, and Kazakhstan said in a statement.

The duty was decreased to $140 per tonne on January 1 from $165 per tonne previously.

In the period from January through March, the average price for raw sugar amounted to $537.69 per tonne on the New York Mercantile Exchange (NYMEX), the commission said.

The duty is set depending on the monthly average raw sugar price on the NYMEX.

PRIME-TASS


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