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On May 12, the United States and the People’s Republic of China jointly announced a reduction of Chinese tariffs related to the series of original tariff announcements dated April 4, April 9, and April 11 that had increased rates by 125 percent on top of existing tariffs and retaliatory tariffs.
The Dominican Republic is not expected to fill the U.S. annual sugar tariff-rate quota (TRQ) for FY 2013 due to the current supply situation in the U.S. market.
The EU is plagued by a highly regulated system that has hindered its ability to react to the supply shortfalls seen over the last few years.
High international prices continue to provide relief to El Salvador's sugar sector.