Governments urged to act to save sinking sugar price
(World News Brazil)

Governments urged to act to save sinking sugar price07/19/2018 Meeting in Geneva today the Global Sugar Alliance called on Pakistan, India the European Union to eliminate the subsidies that have created a glut of sugar and caused a world price collapse. The degree to which subsidies provided and proposed by Pakistan, India and the European Union contravene WTO rules was the focus of the meeting between Global Sugar Alliance countries in Geneva. `Fuelled by a glut of government-supported sugar from Pakistan, and the threat of subsidised Indian sugar exports, the world sugar price (ICE #11) has dropped to a level below the cost of production...