News International Sugar Journal

Syria – Sugar smuggling rife as sugar refineries output drops drastically [Registered]

Escalating violence in Syria has slowed sugar refining to a virtual standstill, with smuggling set to rise as Western sanctions hobble trade finance and disrupt imports of the staple sweetener, reports Reuters. While those sanctions are not meant to target food imports, the complexity of trade, including extensive due diligence, is hampering deals. Informed sources note that Syria’s four sugar refineries were either shut or producing modest amounts, with unrest contributing to the disruptions. Latest forecasts from the International Sugar Organization had anticipated output from the refineries at 150,000 metric tons (165,347 tons) for the 2011/12 October/September season. Supplies are…

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