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Brazil, Australia to fight any Indian sugar export subsidy

Reuters  |  SAO PAULO 

By Marcelo TeixeiraSAO PAULO (Reuters) - 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 ...

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First Published: Thu, September 13 2018. 09:40 IST