SAO PAULO: Brazilian and Australian sugar industry groups are working together with their respective governments to prepare a formal complaint to the World Trade Organisation (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 Leao, executive director at Brazil’s cane industry group Unica, said in an interview.
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