India has blocked requests from Australia, Brazil and Guatemala at the World Trade Organization (WTO) for setting up of dispute panels against its subsidies for sugar and sugarcane.
Isis Central Sugar Mill has informed shareholders it’s exploring a partnership with Pakistani sugar company Almoiz Group after no wholly-owned Australian investors came forward.
Brazil and Australia’s complaint at WTO against Indian sugar subsidies enters the second stage [Full subscriber]
Both Brazil and Australia have intensified their sugar related dispute with India by formally asking World Trade Organisation (WTO) to set up a panel to probe subsidies enjoyed by Indian cane growers which is breaching obligations.
The sale of one of Australia’s largest and last remaining grower-owned sugar milling company Mackay Sugar to Nordzucker has moved a step closer, with the State Government committing AU$14 million (US$9.7 million) lifeline to facilitate the closure of a deal.
WTO – Australia and Brazil launch formal complaint against India’s support for its sugar industry [Full subscriber]
The Australian Government, together with Brazil, has launched formal dispute action in the World Trade Organization (WTO) on India’s alleged sugar subsidies which has driven production and added to the global glut which has served to depress world prices and impacting their industries.
Australia – Cane crop in North Queensland suffers severe flooding in more than 20 years [Full subscriber]
Thousands of hectares of cane fields in North Queensland have been damaged by the worst flooding in more than 20 years, but it could be months before the full extent of the damage is revealed, according to local press reports.
Australia – Mossman Sugar Mill gets US$17.6 million state aid for a new biorefinery [Full subscriber]
The Queensland government recently committed AU$25 million (US$17.6 million) to establish an innovative bio-refinery that would secure the future of the Mossman Mill owned by Far Northern Milling.
Australia lodges complaint against India at the WTO over its sugar export subsidies [Full subscriber]
Australia has referred India to the World Trade Organization (WTO) over subsidies to the sugar industry which has helped it expand sugar production and contribute to the current global surplus which has seen price fall below UScents10/lb, and has adversely affected Australia’s sugar industry.
Australia – MSF Sugar’s cogen unit to fire agave fibres to produce power throughout the year [Full subscriber]
Queensland’s MSF Sugar is to expand production of blue agave (used in the production of tequila in Mexico) as a feedstock for its cogen unit during the post-harvest period, according to local press reports.
Far Northern Milling Pty Ltd is buying back the Mossman Mill after entering into an agreement with Australia’s second largest miller Mackay Sugar which is under pressure from crippling debt, according to local press reports.