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Sugar Import Duty May Fall

Russia’s raw-sugar import duty may fall to $140 a metric ton in October, the Institute for Agriculture Market Studies said, citing preliminary calculations based on the sweetener’s price in New York.

“If sugar prices stay at the same level, the duty will be at $140 a ton in October,” said Yevgeny Ivanov, an analyst at the institute. The duty will be $171 a ton in September, according to the Customs Union Commission.

(Bloomberg)


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