On 4 April 2025, the South African Ministry of Finance introduced significant tariff amendments to wheat, wheat flour, and sugar. 

• The duties on wheat were reduced from 42.20c/kg to 18.35c/kg and on wheat flour from 63.29c/kg to 27.52c/kg.
• The duties on sugar was raised from 234.89c/kg to 286.25/kg. On 11 April, sugar was raised again to 377.35c/kg

The duties on sugar and wheat are calculated using a dollar-based reference price, rather than following an investigation by ITAC. Basically, when the global price of these commodities falls below a reference price for a certain period a duty increase is automatically triggered. Likewise when the price remains above the reference prices for a period, the duties will fall.

We track this very closely and can help traders and financiers of these products better hedge their tariff risks on sugar and wheat.

Drop us a line at info@xagta.com to discuss ways we can make your trade in sugar more predictable