• Sunday, August 14, 2022

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Brazil and Australia to Fight Against India’s Any Possible Sugar Export Subsidy

Brazil and Australia view any subsidy by India as a grave threat to a recent price recovery, said Eduardo Leão, executive director at Unica. (Photo Credit: JOEL SAGET/AFP/Getty Images).

By: Radhakrishna N S

Brazilian and Australian sugar industry groups are working together with their respective governments to prepare a formal complaint to the World Trade Organization (WTO) over any possible sugar export subsidy by India, a top Brazilian sugar official told Reuters. Brazil and Australia view any subsidy by India, set to take over as the world’s largest sugar producer this year, as a grave threat to a recent price recovery, Eduardo Leão, executive director at Brazil’s cane industry group Unica, said in an interview. The two countries reached a consensus regarding the need to act at the WTO level if India moves to provide an export…

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