India will keep its sugar export subsidies despite complaints to the World Trade...
MUMBAI - India will keep its sugar export subsidies despite complaints to the World Trade Organization from rival producers Brazil and Australia, though it will tweak how it provides them, four sources directly involved in the matter said.
“The industry needs government support for exports. It will be provided without violating the WTO framework,” said a senior government official involved in the policy making. “We may need to make some changes in the way we provide incentives.” To reduce that debt and pare rising inventories, New Delhi said in September it would provide incentives to mills for overseas sugar sales and set an export target of 5 million tonnes for the 2018/19 marketing year ending on Sept. 30.
India has been providing transport subsidies of between 1,000 rupees a tonne to 3,000 rupees a tonne to sugar mills, depending on the distance to ports. The government has also raised the amount it directly pays to cane growers to 138 rupees a tonne in assistance from 55 rupees a year ago. Sugar mills are requesting that the government provide incentives to export 7 million to 8 million tonnes of sugar in the next season, up from this season’s target of 5 million tonnes, said Abinash Verma, director general of the Indian Sugar Mills Association .
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