:. Food Industry News


China to Issue 2009 Sugar, Wool Import Quotas

Source: Reuters
06/10/2008

Beijing, Oct 6 - China will issue low-tariff quotas for imports of 1.945 million tonnes of sugar and 287,000 tonnes of wool in 2009, unchanged from this year, as part of its commitment to the World Trade Organisation.

Daily News Alerts

The Commerce Ministry said 30 percent of the sugar quotas were for private firms and importers could apply from Oct 15 to Oct 30, according to a statement posted on its Web site.

The ministry did not say when wool importers could apply for the quotas. Qualified end-users should have import contracts ready when applying, it said.

The ministry would stop processing applications by wool importers after all the quotas were allocated, it said.

China is likely to produce a record 15 million tonnes of sugar next year, the second highest output after this year. The high output would mean fewer imports.

Buyers with import quotas pay lower duties -- 1 percent for wool and 15 percent for sugar, while duties of up to 50 percent will be imposed for imports above set quotas.



GO   View more articles on this subject

Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
German Sugar Crop Likely above EU Quota - Industry...
China Urges No Sugar Imports During Surplus - Report...
China Not Ready for Sugar Exports, State to Buy
Joint Venture Agreement For The Incorporation Of Wuhan...
China Cotton, Rice, & Corn Import Quotas Stay Same...
China Mulls Sugar Exports as Milk Scandal Hits Demand...
China Sees Record '09 Sugar Output, Worsening Glut
Xiwang Sugar Holdings Announces 2008 Interim Report
Xiwang Sugar to Buy Shandong Xiwang Food
Agrana: Second Wave of 2008|09 Sugar Quota Returns...

More in Food Industry News
Brown-Forman to Divest Italian Wines
DeMet's Candy Company Acquires the Treasures and Stixx...
Canada Greens File Complaint on Nestle Water Ads
Saputo Completes the Acquisition of the Activities...
Carrefour Plans More French "Carrefour" Brand...
Solae Announces Global Price Increase for Soy Ingredients
Dollar Funding Rates Dip, Japan Pumps Cash
FDA Reports Significant Progress in Protecting the...
Colruyt Issues Interim Financial Report; Revenues Rise...
UK: Bidders Circle Troubled Woolworths

Top Headlines
FDA Reports Significant Progress in Protecting the...
Colruyt Issues Interim Financial Report; Revenues Rise...
UK: Bidders Circle Troubled Woolworths
UK: Confectionery Firm Zetar Could Lose 3% of Turnover...
Ardo Confirms Take-Over of Austria Frost
Oil-and-Fat Composition for Spray, and Method for Production...
Carrefour Still Planning Indian Joint Ventures
Hong Kong Sets Maximum Standards for Melamine in Food
Drought Sends Saffron Price Skyrocketing
Thai Govt to Sell 1.37 Million Tonnes Rice Stocks
Aryzta Q1 Revenue up 32 pct
China Lifts Price Controls on Food -NDRC
SABMiller Looks for Growth in India's Beer Market
Massachusetts Firm Recalls Ready-To-Eat Frozen Beef...
Singapore Food's Majority Shareholder in Talks to Sell...
Coke's Europe Chief Sees Slower Growth Amid Crisis
FDA Defends U.S. Infant Formula; Sets Safe Level
Russia's X5 Retail Group Q3 Net Loss $14.7 Mln
Canada: Health Authorities Say Milk Formula Safe Despite...
Taste Potentiator Compositions in Oral Delivery Systems
Enzyme Preparations Yielding a Clean Taste
T1R1 Receptor Binding Assays for Identification of...


 


FLEXNEWS 2008 - All rights reserved
ISSN 1950-6228