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Australia – The bittersweet pill in the Australia- India sugar stoush

Over the past few months, sugar has featured prominently in India’s political and economic discussion. Countries such as Australia, Brazil and Guatemala are upset with the Indian government’s subsidies to its sugarcane farmers, alleging in a claim to the World Trade Organisation (WTO) that the subsidies are inconsistent with global trade rules and have led to a “glut” and “depressed” global prices. India argues that it is a marginal player in global trade, accounting for less than one per cent of global sugar exports, and that the subsidies were solely to prevent Indian cane farmers from having to make distressed sales.