Influence on global market

Brazil forces Thailand to discharge sugar subsidy

21 February 2017 - Redactie Boerenbusiness - 6 comments

At the end of 2017, the Thai government will stop subsidizing sugar production and controlling consumer sugar prices. This was announced by the Ministry of Agriculture on Tuesday.

The release of the subsidies is happening under pressure from the Brazilians who filed a complaint with the World Trade Organization last March. Brazil argues that Thai subsidies for sugar producers have pushed down the price of sugar on the world market.

Thai subsidy pulls world sugar price down

From now on, Thailand will keep the price of sugar in line with the world market. Thailand is the second largest sugar producer in the world after Brazil. Brazil has indicated that it agrees with Thailand's new policy. "It's an acceptable solution."

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Comments
6 comments
Korrie 21 February 2017
This is a response to this article:
[url=http://www.boerenbusiness.nl/granen-grondstof/ artikel/10873501/Brazilië-forces-Thailand-subsidie-op-sugar-te-lozen]Brazil forces Thailand to discharge a subsidy on sugar[/url]
How do those Brazilians get it into their heads to demand that now that they are introducing such a tax on our chips. Brazil first shall we say
West Brabant 21 February 2017
I thought the Brazilians only like to use double standards for certain parts of the feminine beauty.
Subscriber
quite rude 22 February 2017
Brazil therefore hopes for a higher world market price for sugar, which is also good for us.
the EU should also enforce more on sugar subsidies that various countries give to their sugar industry while this is not allowed.
Subscriber
arable Brabant 22 February 2017
in europe until last season a lot of cane sugar was mixed into the regular sugar.
As of January 1, 2017, the EU has stopped doing so. there is a good chance that Brazil will now take back the EU with their import duties on French fries.
claas 22 February 2017
There are 3 things important when it comes to food.
In addition to food safety and security, food sovereignty is also an important issue.
When it comes down to it, few want to be dependent on someone else's willingness to export.
Subscriber
erik 22 February 2017
that cane sugar did not come from Brazil, but from a mole (less developed country). So it has nothing to do with each other.
French 24 February 2017
Thailand is certainly not a mole country
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