Brazil Sour on Indian Sugar Subsidies After Shipments Slump — Panjiva


Brazil Sour on Indian Sugar Subsidies After Shipments Slump

Ags - Softs 81 Australia 87 Brazil 260 Cons. Staples - Food/Beverages 395 India 283 U.S. 3297

The Brazilian and Australian governments have launched a World Trade Organization dispute against Indian sugar subsidies. That’s not a surprise given Brazil filed a similar case against the Chinese government in 2018. There’s been a marked decline in Indian imports of sugar, with a 35.3% drop in the 12 months to Nov. 30 compared to a year earlier. Brazilian exporters saw a 75.5% slump in their shipments to India over the same period. Leading Indian importers including Shree Renuka are unlikely to have to change their supply chain strategies in the short-term though given WTO cases can ta...

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