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Date Time 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.

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