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Russia Gets White Sugar Shipments Under Tariff-Free Quota

Bloomberg, 28.05.21


(Bloomberg) -- Russia will receive 11,000 tons of white sugar from Algeria and may receive a total of around 25,000 tons of white sugar shipments from countries including Brazil, India and Morocco in the next few weeks under a tariff-free sugar quota, according to IKAR analyst Evgeny Ivanov.

? NOTE: Russia is allowing 350,000 tons of tariff-free white sugar imports from May 15 to Sept 30, in order to reduce pressure on prices, Interfax news agency reported earlier this month

? READ: (May 18) Russia Beet-Sugar Output to Rise 16% as Plantings Expand: Group

? READ: (May 17) Russia Mulls New Measures to Stabilize Sugar Market: Kommersant



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