EU Says Traders Can Each Import 5,416 Tons of Duty-Free Sugar

European Union traders, refiners and producers will be allowed to import a maximum of about 5,416 metric tons of duty-free sugar each this marketing season, according to data from the bloc.

Each will be able to purchase 1.8053 percent of the 300,000 tons of the sweetener the bloc plans to import at zero duty, data in the Official Journal of the European Union today showed. Applications were received for import licenses covering 16.6 million tons, according to the European Commission, the bloc's regulatory arm.

The EU's sugar management committee backed the plans on March 10 after prices rose to a 30-year high.