World sugar exporters ask India, Pakistan, EU to cut subsidies
Updated : July 20, 2018 06:56 AM IST
Raw sugar futures traded in New York have been hovering above a 2-1/2-year low of 10.69 cents per lb reached in April, with prices pressured by abundant global supplies as well as the weak Brazilian currency against the US dollar.
The Global Sugar Alliance met in Geneva to discuss the degree to which subsidies provided and proposed by Pakistan, India and the EU contravene World Trade Organization (WTO) rules.
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