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Russia Fixes Import Duty on Raw Sugar at $140 a Ton for August

The customs union joining Russia, Belarus and Kazakhstan fixed the import duty on raw sugar at $140 a metric ton for August.

The duty is based on the average price for the sweetener of 26.07 cents a pound in June in New York trading, the Customs Union Commission said on its website today. The union’s three members tax raw-sugar imports based on monthly prices in New York, with a one-month lag before changes take effect.