The Sugar Regulatory Board (SRA) has greenlighted the importation of 440,000 tonnes of sugar for 2023, according to local press reports.
UK – British Sugar planning to import sugar [Full subscriber]
British Sugar is mulling imports of beet sugar and cane sugar to make up the shortfall of over a quarter million tonnes forecast for 2022/23 following frost damage to large swathes of crops across England due to cold spells in late December and January.
UK – Sugar imports from Australia expected in the summer of 2023 [Full subscriber]
Sugar imports from Australia are expected by the summer, according to Gerald Mason, Tate & Lyle Sugars, senior vice-president. This would be the first import of Australian sugar in more than 40 years.
Indonesia to import over 4.5 million tonnes sugar [Registered]
Indonesia plans to import 3.6 million tonnes of raw sugar for industrial use and about 991,000 tonnes of white sugar for consumers, its trade minister said on January 2, reported Reuters.
USA – Food and drinks manufacturers seek additional sugar imports [Full subscriber]
The Sweetener Users Association (SUA) on December 14 requested the Office of the US Trade Representative to immediately reallocate the raw sugar tariff-rate quota (TRQ) and the US Department of Agriculture to significantly increase the TRQ for refined sugar to help US food and beverage manufacturers meet demand at a time of historically tight sugar supplies.
US blocks sugar imports from Dominican Republic over forced labour concerns [Full subscriber]
The US government announced on November 24th that it would block sugar imports from Central Romana Corporation, a Dominican Republic company, on suspicion of forced labour at its facilities.
Philippines – President Marcos halts imports of 300,000 tonnes sugar and threatens to fire officials [Full subscriber]
Philippine President Ferdinand Marcos Jr has rejected a proposal to import an additional 300,000 tonnes of sugar, his press secretary said on Aug 9, despite an earlier announcement of approval by the industry regulator.
Vietnam imposes 47.64% duty on Thai sugar shipped via 5 ASEAN countries [Full subscriber]
The country’s trade ministry said that Vietnam has imposed an anti-dumping and anti-circumvention levy on Thai sugar imported via 5 ASEAN nations.
USA to deny Nicaragua TRQ for raw sugar imports in 2023 [Full subscriber]
The US government plans to drop Nicaragua from the list of countries eligible for low-tariff sugar shipments into the US, reported The Wall Street Journal.
Sri Lankan crisis hits India’s sugar exports [Full subscriber]
The ongoing economic and political crisis in Sri Lanka has affected Indian trade also. The island nation is a major destination for agri commodities such as sugar, grapes, and onions.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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