Russia may abolish 350,000 tons of sugar import tariffs until the end of August-Agriculture & Food-Hmeonline: Leading B2B Source & Platform Since 2005

Russia may abolish 350,000 tons of sugar import tariffs until the end of August

2021-05-18

Reuters reported on April 6 in Moscow that the Russian government said in a statement on Monday that Russia may cancel as many as 350,000 tons of sugar between May 15 and August 31 (5362,-6.00,- 0.11%) import tariffs.

Russia is one of the world's largest wheat exporters. Since December, it has imposed several grain export taxes and a series of other measures to stabilize domestic food inflation. As a measure to stabilize its domestic prices, Russia has taken measures to stabilize the prices of sugar and sunflower oil, which will continue until the end of March. The Russian government and manufacturers are discussing the extension of these measures, including the extension of sugar and the possible extension to June. .

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