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Daily Archives: July 31, 2019

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India Doubles Down on Trade-Distorting Export Subsidies

The Sugar BeatBy Phillip HayesJuly 31, 2019

India has a massive sugar problem. It will have 17-million-metric-tons more sugar than what it consumes this year, according to a recent USDA report. USDA notes the 17 million tons is more than double India’s minimum annual stock requirements. And India’s sugar mills are finding it difficult to sell this surplus sugar at a profit.