Russian Import Tariff of Raw Sugar Rises to 140 dollars/ton in August

The leader of Russian Sugar Association, Andrei Bodin, expressed that according to the data from tariff alliance of Russia, Belarus and Kazakhstan, Russian Import tariff of raw sugar tends to increase to 140dollars/ton, 65% more than that of July.

Russia, Belarus and Kazakhstan work out the import tariff rate of raw sugar based on the monthly average forward prices in New York. Then Import tariff of raw sugar in august is 140 dollars/ton base on the average price of 26.07cent in June.