By Anna Ivanova-Galitsina A likely Russian tariff increase on white sugar imports would have little effect on prices, industry analysts said Monday. The seasonal tariff, to last from June to December to protect domestic sugar beet producers, would have a minimum charge of 160 euros a metric ton. The cabinet will discuss the tariff May 11 and is all but certain to pass it, as it has in previous years, to clear the domestic sugar market for local producers during the sugar beet harvest, analysts said. Because the tariff is traditional and refined sugar imports are small, analysts said it will cause no stir on the market.
Most companies import raw sugar and process it in Russia.
If we knew for sure we could plan better. Most Russian imports come from Brazil and Cuba.