WorldRecent
Sugar tariff benchmark rises to US$785, but industry says more is needed
IO
IOL News
Original Reporting
AI EXECUTIVE SUMMARY
South Africa has increased its sugar import benchmark price from US$680 to US$785 per tonne to support domestic growers. However, local producers and industry representatives argue that this adjustment is still insufficient to effectively block foreign imports and safeguard employment within the sector.
WHY IT MATTERS
This decision directly impacts the economic viability of South Africa's domestic sugar industry and its ongoing struggle to compete with cheaper foreign imports.
South Africa has raised its sugar import benchmark from US$680 to US$785 a tonne, offering relief to local producers, but growers and Illovo Sugar warn it may not be enough to curb imports and protect jobs.
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