India lost the dispute over providing excessive domestic support and export subsidies for sugar and sugarcane at the World Trade Organization (WTO). The dispute settlement panel ruled against the country on a complaint that Brazil, Australia, and Guatemala had filed. The announcement of the ruling was made on 14 December.
India loses dispute at WTO over sugar subsidies brought by Brazil, Australia and Guatemala [Full subscriber]
India has lost the dispute over its subsidies on sugar exports at the World Trade Organization (WTO), brought by Brazil, Australia and Guatemala, Valor Economic reported.
Australia – India’s subsidies cost the sugar industry over AU$1 billion over 2017-2021 [Full subscriber]
Indian Government’s price and export subsidies have cost the Australian sugar industry around AU$1.023 billion (US$740 million) according to a new report by Green Pool Commodity Specialists commissioned by the Australian Sugar Milling Council (ASMC).
British sugar beet growers have expressed concerns over the recently announced UK-Australia free trade deal.
Australian motorists are continuing to shun biofuels against global trends. A report commissioned by APAC Biofuel Consultants found biofuel demand in Australia fell in 12 months.
The deterioration of Sino-Australian relations ignited by Prime Minister Scott Morrison’s call for an inquiry into the origins of coronavirus, which was identified in the Chinese city of Wuhan, has disrupted exports worth up to US$19 billion on a range of goods to date, according to various press reports.
After 135 years, one of Bundaberg oldest mills is closing down. Bingera Mill is closing down after its owner Bundaberg Sugar Limited (BSL) announced on 24th October that it is rationalizing its operations due to significant drop in cane supply.
On September 22, 2020, the Office of the United States Trade Representative (USTR) announced additional Fiscal Year (FY) 2020 (ending September 30, 2020) in-quota quantities of the tariff-rate quota (TRQ) for imported raw cane sugar for Brazil and Australia.
The Isis Central Sugar Mill (ICSM) board has ended a deal with a Pakistani sugar group to buy a controlling share of the business, according to local press reports.
Australia – MSF Sugar sells cane farms (5409 ha) that will be converted into macadamia orchards [Full subscriber]
Rural Funds Group has struck an AU$81.1 million (US$57.7 million) deal to acquire 5409 hectares of sugarcane farms in Maryborough, Queensland from the Thai-owned MSF Sugar with plans to convert them over time into macadamia orchards.