February 11 2004, 10:41

Russia: import duty for raw sugar in March will be $221/t

Press-service of the Ministry for Economic Development of Russian Federation has informed that import duty for cane-origin raw sugar, imported to the country in March, will constitute $221 per tonne against $250 in February.

This size of the duty was determined based on NYBOT Mar. 2004 raw sugar futures average monthly price in January 2004.