The European Commission (EC) and 20 manufacturers have signed a Joint Declaration to ensure that enough electrolysers will be made in Europe to meet the EU’s goal of producing 10 million tonnes of green hydrogen by 2030.
Canada lowers anti-subsidy tariffs on EU sugar following investigation [Registered]
The European Sugar Industry Confederation (CEFS) announced on 31st March that Canada’s Border Protection Agency (CBSA) concluded its investigation on 30th March into anti-subsidy duties on refined sugar from the EU and anti-dumping duties on refined sugar from Denmark, Germany, the Netherlands, the United Kingdom and the United States
Postponement of WTO’s ministerial conference deprives India of pushing proposal of giving unlimited subsidies [Full subscriber]
A group of developing countries led by India wants the right at the World Trade Organization (WTO) to give unlimited subsidies for sugar and other products on the grounds of food security, a concern that has grown with the pandemic, reports Valor Economico.
Switzerland – Industrial users benefit from subsidies given to beet growers [Full subscriber]
But the real beneficiaries of these millions of tax dollars are not the farmers, but the bulk buyers of the sugar – especially Red Bull, who buys about 25% of the sugar produced in Switzerland, according to local press reports.
Brazil challenges allegedly subsidy-driven Thai sugar regime at WTO [Registered]
Unica has contracted King & Spalding as independent legal council in Geneva and is also working with the Brazilian think tank Agroicone, to help with data on the Thai sugar industry.
India – Incentives sought by millers from government to export white sugar [Registered]
Last February, the government decided to give mills a subsidy of INR4,000 ($64) a tonne for exports of up to 1.4 mln tonnes in an effort to reduce stockpiles after five straight years of surplus output. Despite that a sharp drop in the Brazilian Real has thwarted India’s efforts to step up raw sugar exports. Brazil’s raw sugar is currently available at $310-$312 a tonne, while Indian raw is priced at $345 a tonne.
China – Government offers farm machinery subsidies [Registered]
The central government has allocated 120 billion yuan ($19.21 billion) to farm machinery subsidies since 2004, supporting the purchase of more than 35 million pieces of machinery, noted People’s Daily. That has helped raise mechanization levels across China’s farms to 61% last year from 33% in 2003, it said.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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Subsidies, policies and productivity
What fun gods are currently having with the global sugar industry. The frustration of the Indian sugar millers, sighing relief after being bailed out by export subsidies of some US$64/tonne […]