A push for action on dumping
WITH the world sugar price now well below the cost of production in Australia, Queensland sugarcane farmers are urging an escalation of government pressure on countries dumping subsidised product on the world market.
“With the appointment of Senator Simon Birmingham as Trade Minister, we will be seeking to make sure he fully understands the importance of this issue to our industry,” Canegrowers CEO Dan Galligan said.
“The world raw sugar price has fallen to a 10-year low recently because there is a surplus on the world market and that surplus is bigger than it should be.
“At the current levels, the Australian sugar industry is facing massive losses in the vicinity of $500 million this year.
“But we cannot compete against subsidies provided by other governments, which may in fact breach World Trade Organisation rules.
“Canegrowers is urging the Australian Government to take all steps available, to open a dialogue about this situation with India and Pakistan and, if necessary, initiate formal action in the WTO to have the trade-distorting subsidies removed.”