South Africa Raises Sugar Import Duty Benchmark to Protect Domestic Producers

South Africa Set to Lift Sugar-Benchmark Price to Shield Growers

South Africa will raise the benchmark price that’s used to calculate duties on sugar imports, a move long-sought by domestic producers like Associated British Foods Plc’s local unit in an industry that’s been battered by cheap foreign competition, according to people familiar with the matter.

By S'thembile Cele and Loni Prinsloo