Bloomberg News

EU to Import 19,593 Tons of Sugar at Lower Duty in Tender

September 29, 2011

(Updates with raw, white sugar amounts in third paragraph.)

Sept. 29 (Bloomberg) -- The European Union will import 19,593 metric tons of sugar at reduced duty under the last of five planned tenders, according to the European Commission, the bloc’s regulatory arm.

The EU backed a proposal in May to import the sweetener at a reduced rate and authorized duty-free imports of 200,000 tons of sugar to ease supplies in the region. The EU also allowed 300,000 tons of imports at zero duty earlier this year, bringing the total to 500,000 tons.

Raw-sugar imports under the last tender totaled 15,327 tons, with 14,500 tons for refining, the commission said in an e-mailed statement today. The bloc will bring in 4,266 tons of white, or refined, sugar under the tender.

The lowest duty to be paid for white sugar was 308.80 euros ($421.39) a ton, while the lowest on raw sugar for refining was 227 euros a ton, according to the statement.

The bloc imported 356,566 tons of sweetener at reduced duty under the five tenders, it said.

--Editors: John Deane, Sharon Lindores

To contact the reporter on this story: Isis Almeida in London at ialmeida3@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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