On 16 September the South African Revenue Service (Sars) announced the third sugar variable tariff amendment for 2016. On on 11 April 2016 the rates of customs duty were reduced from 245,4c/kg to 239,5c/kg, in accordance to the International Trade Administration Commission of South Africa (Itac) minute M11/2015, and on 05 August 2016 it reduced from 239.5c/kg to 144.33c/kg, in accordance with Itac minute 03/2016.
The latest tariff amendment is to reduce the rates of customs duty on tariff subheadings 1701.12 (Beet sugar), 1701.13 (Cane sugar specified in Subheading Note 2 to this Chapter), 1701.14 (Other cane sugar), 1701.91 (Containing added flavouring or colouring matter), and 1701.99 (Other) from 144,33c/kg to 31.89c/kg in accordance with Itac minute M05/2016.
This would imply that the international sugar price has been steadily increasing in 2016.