India Cuts Sugar Export Subsidies
India recently “slashed” its sugar export subsidy by just over $27 per metric ton under its Maximum Admissible Export Quota, the U.S. Department of Agriculture Foreign Agricultural Service said in a June 22 report. The reduction -- from $81.96/metric ton…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
to $54.64/metric ton on May 20, 2021 -- in the assistance program, which facilitates sugar exports and subsidizes production costs for domestic sugar mills, is aimed at accelerating the “diversion of sugar toward ethanol production,” the USDA said. India also hopes the measure helps it in “gradually reining in subsidized exports of Indian sugar in the global markets.”