IKAR in Mass and Industry Media

Russia June sugar imports fall further on tariff

Reuters

MOSCOW, Sept 8 (Reuters) - Russian raw sugar imports fell to a mere 400 tonnes in July from 131,900 tonnes in June and 1.4 million tonnes in May, as a higher import tariff took effect, customs data published on Wednesday showed.

Analysts at the Institute for Agricultural Market Studies (IKAR) expect no substantial raw sugar imports by Russia until the end of the year.

Russia, the world's third-largest sugar buyer, cut its import tariff on imported cane raws to $50 per tonne for May, before raising it to $200 in June and $239 in July.

Total imports in the first seven months of this year were still 68 percent above year-earlier levels, the customs data showed.

The Federal Customs Service also said Russian imports of coffee, tea and cocoa rose in January-June 2010.

09.09.10

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