ANNOUNCED AS TEMPORARYNo
On 4 April 2014, South Africa increased the dollar-based reference price of beet and cane sugar (HS 1701.12, 1701.13, 1701.14, 1701.91, 1701.99) by 58%, from $358 to $566 per metric ton, based on a recommendation of the country's International Trade Administration Commission.
Whenever the import value of sugar dips below the reference price, the South African Revenue Service (SARS) will levy an import tariff, which applies to the Southern African Customs Union (SACU). Since the increase meant that the current market price of sugar dipped below the (new) reference price, an import tariff of 132c/kg (approx. USD 0.125 per kg) was introduced. For the first time in four years, importers will now have to pay tariffs on imports of these types of sugar.
On 27 June the import tariff was reduced to 92.6c/kg (approx. USD 0.087 per kg), see related measure.
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