Sugar Order 7 OKs import of 150k tons to boost stocks

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Released on July 6, 2023, the order mandates eligible importers who are granted allocations to ensure their respective allocated volumes arrive in the country no later than September 15, 2023. READ MORE:

Released on July 6, 2023, the order mandates eligible importers who are granted allocations to ensure their respective allocated volumes arrive in the country no later than September 15, 2023.

“Any imported volume of refined sugar that arrives under this sugar order shall be classified as ‘C’ subject to future disposition or reclassification, as SRA deems necessary,” SO7 read. “Despite the release of Sugar Order 06 import program series [for] 2022-2023, the further reduction of sugar production volume for Crop Year 2022-2023 is forecasted due to early start and early end of million, and in anticipation of the possible shortage of supply and to bridge the gap between the supply and the demand, the SRA finds it imperative to open a second import program to address the demand for CY 2022-2023,” the order read.

 

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