Russia, Kazakhstan, Belarus to cut December sugar import duty

Russia, Kazakhstan and Belarus will cut raw sugar import tariffs in December to $171 per tonne from $240 per tonne in November, the Russian Sugar Producers' Union said. The sugar duty imposed by Russia, Belarus and Kazakhstan, whose policies are aligned under a three-nation customs union, is geared to global prices and calculated each month.
The tariff is expected to rise to $203 per tonne in January, the group said in a note. Russian raw sugar imports rose to 555,800 tonnes in the first nine months of 2014 from 396,500 in the same period a year earlier, according to customs data.