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Sugar, consumed in everything from chocolate to fizzy drinks and baked products, is becoming ever more expensive, raising costs for the industry and keeping up pressure on global food inflation. 

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The South African government had been expected to hike up the Health Promotion Levy on Sugary Beverages last month: but decided instead to keep it at its current rate for the next two years. That’s welcome news to the country’s sugar industry, which had campaigned tirelessly against the ‘job-killing’ increase.

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Most observers of the global agricultural market were focusing on the Black Sea at the weekend where UN representatives and the Turkish government engaged with the Russian and Ukrainian governments in an effort to extend the Black Sea grain deal, which has just expired.