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Thailand, Brazil, Australia join up to halt sugar exports from India and Pakistan

Export subsidies leading to price pressure will be raised at GSA meeting next month

A worker harvests sugarcane in a field in Thailand.   © Reuters

BANGKOK -- The world's major sugar exporters are calling for an end to export subsidies from Pakistan and India, following concerns that the financial support could lead to an oversupply of the commoditiy that will drag down the already weak global sugar price, hurting growers and producers in big producing countries.

The world's biggest and second biggest sugar producers, Brazil and Thailand, as well as Australia, Asia's second biggest sugar exporter, are working together to raise awareness of the issue at a meeting of the Global Sugar Alliance in May, with the aim of stopping India and Pakistan from subsidizing sugar exports, said Sirivuth Siamphakdee, chairman of the Thai Sugar Millers Corporation (TSMC).

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