Russia to keep raw sugar import duty at $140 a ton in May

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LONDON. April 11. KAZINFORM Russia will keep its tax on raw sugar imports at $140 a metric ton in May, the Customs Union Commission of Russia, Belarus and Kazakhstan said.

The duty is based on monthly sugar prices in New York , with a one-month lag, according to the Customs Union Commission, which oversees the tariffs for Russia, Belarus and Kazakhstan. The sweetener was calculated at 24.73 cents a pound, or $545.26 a ton in March, according to a statement on the commission's website on Tuesday.

The rate was also $140 a ton in April and is expected to stay at that level through July, according to the commission data, Bloomberg reports.  

 

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