Australian minister says Pakistan and India are exporting too much sugar

[Zibago]

Australian minister says Pakistan and India are exporting too much sugar
September 13, 2018

Reuters

A sample of sugar crystals are seen on the desk of a trader at a wholesale market in Kolkata, India. Photo: Reuters

The policies of Pakistan and India have contributed to a global glut in the world’s sugar market, Australia’s Minister for Trade Simon Birmingham told Reuters.

“It is clear that export subsidies introduced recently by the Pakistan and Indian Governments have contributed to a growing glut on global markets,” Birmingham said in an emailed statement to Reuters.

“Australia has expressed its concerns to the Indian and Pakistani Government at the highest levels in the clearest possible terms.”






Raw sugar futures in New York slumped to a 10-year low of 9.91 cents on August 22 as Pakistan and India both moved ahead with price subsidies to boost local production.

India, which is expected to surpass Brazil and become the world’s largest sugar exporter this year, in May approved a subsidy of 55 Indian rupees ($0.7623) per tonne of cane sold.

Pakistan, whose sugar production has increased in recent years, in January quadrupled the volume of sugar eligible for export subsidies to 2 million tonnes to reduce excessive domestic supplies.

Birmingham’s comments came as Reuters reported Australian and Brazilian sugar industry groups are working on a formal complaint to the World Trade Organization (WTO) over possible sugar export subsidies by India.

Birmingham declined to confirm the report.
https://www.samaa.tv/global/2018/09...istan-and-india-are-exporting-too-much-sugar/

 

[Clutch]

Because we are just too sweet... Except for the Indians; they're just bitter.

 

[Sharky]

Because we are just too sweet... Except for the Indians; they're just bitter.

You do understand the irony in your statement right?? Right???? Hahhaa.

 

[Syed1.]

You do understand the irony in your statement right?? Right???? Hahhaa.

Don't be bitter yaar

 

[!eon]

Govt should ensure that benefit should be transferred to farmers as well and not just remian in pockets of sugar industrialist.
Show some tabdeeli

 

[Azadkashmir]

Sugar is considered a drug in america 100 years back. Sugar has no health benefits. should be banned.

 

[zip]

If oil producing countries can form a block and regulate total production to get higher price agrarian countries should form their own block and regulate the export to get maximum profit possible..

 

[Taimoor Khan]

How much of the revenue earned going into pockets of Zardari and Nawaz? They both are the Don of sugar mafia.

 

[Umair Nawaz]

question is why is a country like australia with only around 20 million population's *** is burning? it makes sense for Brazil that its scared to be surpassed by india but australia

I mean who give a f abt a country whose even under control of a foreign monarchy.

 

[Mentee]

How much of the revenue earned going into pockets of Zardari and Nawaz? They both are the Don of sugar mafia.

Just today a sugar mill owned by the sharifs got shut down by a judicial order.

 

[Umair Nawaz]

If oil producing countries can form a block and regulate total production to get higher price agrarian countries should form their own block and regulate the export to get maximum profit possible..

thats an excellent idea, we can control the food! and can decide what they will eat n what not....
If ever we did that, then we will become alpha and omega of the world!

We can literally stare them to their deaths if they ever dont comply to us!

 

[xyxmt]

Sugar is considered a drug in america 100 years back. Sugar has no health benefits. should be banned.

it is still used as a drug in north America, here in Canada people use too much sugar in the form of double double and tripple tripple, I once got a tripple tripple by mistake and one sip gave me a heart attack there was so much sugar, Tims use to sell plain donuts and and recently they don't have any plain donuts all are sugar dipped. now when I go to Pakistan I feel Pakistani mithaye is pheeki

 

[LASER1]

We must change our priority from Sugar production to ethanol production. These days crude oil prices are going crazy causing the import bill to skyrocket. If India reduces the oversupply of Sugar, the prices will increase in the global market, and petrol prices will reduce.

 

[INDIAISM]

Sugar is considered a drug in america 100 years back. Sugar has no health benefits. should be banned.

And it also consume too much water...so in this case i agree with you..and ya add all the soda drink to that list.....

 

[Indrajit]

If oil producing countries can form a block and regulate total production to get higher price agrarian countries should form their own block and regulate the export to get maximum profit possible..

Unlike oil which cannot be produced in required quantities by non oil producing countries, such a barrier does not exist with sugar or other crops. They can be grown, even if not at the same efficiency. In any case, the number of oil producing countries are much smaller .