Cane growers and sugar producers have warned the government that removing the import tariff on sugar for one year will adversely impact the sector.
Vietnam imposes anti-dumping duty of 47.64% on Thai sugar [Full subscriber]
Vietnam has imposed anti-dumping duties of 47.64% on some sugar products from Thailand for five years, replacing the temporary tariffs imposed in February, Vietnam’s Ministry of Industry and Trade said on 16th June, reported Reuters.
China – Sugar imports tariff to drop to 50% from 85% [Full subscriber]
The Chinese government has decided not to renew a safeguard on sugar imports in place since 2017, reported Reuters.
Switzerland – Govt raises import tariff and subsidy for beet growers [Full subscriber]
The Federal Council approved temporary measures on 30th November to support the Swiss sugar industry by introducing an import tariff on sugar of CHF70 (US$70.83)/tonne and a subsidy to beet growers was raised by CHF300 from CHF1800 to CHF2100/ha.
Monthly Snapshot
New York’s October raw sugar futures were down 0.75% to 18.53 cents per lb on July 21, while the white sugar fell slightly to US$535.40. Various dynamics are currently in […]
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