- Saturday, April 20, 2024
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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