North Korean demand for sugar is at an all-time high, according to Chinese trade data, reported Voice of America.
The government allowed on 28th July the import of 300,000 metric tonnes of sugar in anticipation of a shortage.
China has ignored its own sugar industry’s pleas for protection after allowing a safeguard tariff on sugar imports to lapse, according to South China Morning Post.
The Chinese government has decided not to renew a safeguard on sugar imports in place since 2017, reported Reuters.
The Office of the U.S. Trade Representative announced on 3rd April country-specific and first-come, first-served in-quota additional allocations under the tariff-rate quotas (TRQs) on imported raw cane sugar for Fiscal Year (FY) 2020 (October 1, 2019, through September 30, 2020). The total additional allocation is 317,515 tonnes raw value.
Indonesia has issued import permits for 150,000 tonnes of white sugar, Musdhalifah Machmud, a deputy minister at the Coordinating Ministry of Economic Affairs told Reuters on 8th April.
The United States will increase its sugar imports from Mexico to 1.65 million tonnes in the 2019-2020 cycle, according to the Secretary of Economy, Graciela Márquez at the Ministry of Economy.
Amidst the turbulence caused by the Covid-19 outbreak various food items prices have risen. This includes sugar. To bring prices down, the trade ministry has issued permits to import 2.4 million tonnes of raw sugar, reported Reuters.
India’s exports of sugar to Malaysia so far in 2020 have nearly tripled over the figure for all of last year, in a quid-pro-quid initiative to end the trade dispute that halted its palm oil exports to India, according to trade officials, reported Reuters.
Indonesia has issued import permits for 438,802 tonnes of raw sugar for household consumption until May, Trade Minister Agus Suparmanto confirmed, reported Reuters.