News International Sugar Journal

India unmoved by complaints to WTO – sugar export subsidies will remain [Full subscriber]

India will keep its sugar export subsidies despite complaints to the World Trade Organization (WTO) from rival producers Brazil, Australia and Guatemala, though it will tweak how it provides them, four sources directly involved in the matter told Reuters. The export subsidies are designed to increase shipments from India and reduce their stocks. But that could pressure global prices that have only eked out a 2.1% gain this year after plunging more than 20% in 2018. “The industry needs government support for exports. It will be provided without violating the WTO framework,” said a senior government official involved in the…

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