Support The Moscow Times!

Sugar Duty Unchanged

Russia, Belarus and Kazakhstan will keep the raw sugar import duty at $140 a ton in November.

Under a joint customs agreement, Belarus, Kazakhstan and Russia tax raw sugar imports according to monthly prices in New York trading, with a one-month lag before changes take effect.

The average raw sugar price in New York was calculated at 27.70 cents a pound, or $610.69 a ton in September, the Customs Union Commission, which oversees the tariffs for the three countries, said on its web site.

(Bloomberg)

Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.