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Crushed: Sugar industry’s $1B hit from Indian subsidies revealed
New analysis has calculated a $1 billion cost to the Queensland sugar industry from Indian Government price and export subsidies currently under investigation by the World Trade Organisation (WTO).
The finding has alarmed but not surprised peak industry organisations the Australian Sugar Milling Council (ASMC) and CANEGROWERS, who say it confirms the need for continued pressure from the Australian Government and industry against India’s subsidies.
The Green Pool Commodity Specialists report, commissioned by ASMC, found Indian Government sugarcane price regulation was causing large production surpluses and India’s subsidised exports had contributed to substantially lower global sugar prices. The report concludes that Queensland cane growers and sugar millers had incurred an estimated $1 billion revenue hit between 2017/18 and 2020/21 – or almost $5 million every week.
The historic two-storey, four-bedroom brick residence built in 1938 sold for $1.27 million in January. Situated on 125 hectares, the cane-farm property with a brick fence to match also has a two-bedroom lowset cottage and two large machinery sheds. This stunning property at 12 Ian Wood Drive, Dolphin Heads sold in July for $1.57 million. Picture: realestate.com.au
12 Wood Drive, Dolphin Heads The property has breathtaking 360 degree views of Dolphin Heads, the Coral Sea, Brampton, Keswick and St Bees Islands. This stunning property at 12 Ian Wood Drive, Dolphin Heads sold in July for $1.57 million. Picture: realestate.com.au The 4103sq m allotment has its own private-tree lined driveway leading to secure car garaging for four vehicles.
Hummingbird House received more than $6500 from Coles shoppers and team members in Mackay. Stores at Northern Beaches, Parkside Plaza and Caneland Central were praised for their efforts and donations, despite the financial challenges from COVID-19. Parkside Plaza Coles store manager Josh Back said the appeal was an opportunity for his team to raise money for Queensland s only children s hospice. Mackay Regional Council Strategic Planning manager Jaco Ackerman and Mayor Greg Williamson at the Northern Beaches Community Hub site. A library, pool, and essential government services could soon find home in Mackay s fastest growing district as Northern Beaches residents are called on to shape a $25 million development.
Premium Content Forget Christmas in July - this Christmas we re rewinding back to July. And what a month it was, from businesses still experiencing pandemic woes, Whitsundays being earmarked for military bases and space stations and fresh Keswick Island disputes. Here s the top headlines in Mackay in July 2020. Mackay War Memorial Pool Community Action Group committee members (from left): Jane Conlon, Carol Single, Sue Willett and Graham Townsend with VC recipient Keith Payne (centre) at the front of the Memorial Swimming Centre which has just received state heritage listing. Picture: Heidi Petith MACKAY S oldest pool has been given a lifeline after being declared an official State Heritage listing.