A World Trade Organization (WTO) panel ruled in favour of Brazil, Australia and Guatemala in their trade disputes with India over sugar subsidies, reports Reuters. The WTO has asked New Delhi to conform with global rules. In the cases brought before the WTO in 2019, the rival producers alleged that India had broken WTO rules […]
Coffee, the world’s favourite morning cuppa of cheer, is not bringing any joy to its producers. Coffee growers are struggling, as falling prices amid the Covid-19 pandemic are resulting in most producer countries unable to cover their costs, “let alone provide a decent livelihood to their families,” the International Coffee Organization (ICO) said. Top executives […]
The World Trade Organization has agreed to establish a panel to settle a disagreement over India’s decision to impose retaliatory import tariffs on 28 US products. This comes almost a month after India blocked the first request by the US to set up a panel to decide on New Delhi’s decision to impose additional duties […]
The World Trade Organization (WTO) set up panels to rule on complaints by Australia, Brazil and Guatemala against India’s export subsidies for sugar and sugarcane producers which they assert are illegal, Reuters reported. Last month, India had blocked the first-time request from Australia, Brazil and Guatemala for establishing the panel. But the three complainants made […]
Brazil has sought establishment of a dispute panel under the aegis of the World Trade Organization (WTO) in a case against India’s sugar subsidies to farmers. In February, Brazil and several other countries including Australia and Guatemala have dragged India into the WTO’s dispute settlement mechanism alleging that New Delhi’s sugar subsidies to farmers are […]
Exports of cardamom have drooped in the new season after a record export last year, and production too is also likely to be down by 40 per cent as many plants have been damaged due to unfavourable climate. Harvest of cardamom this season started in June, over a month early this year due to heavy […]
Global sugar inventories are seen declining in the next season despite expectations of record European Union output, which will send the bloc’s export soaring too, the U.S. Department of Agriculture (USDA) said in its first estimates of world supply and demand. “The production for marketing year (MY) 2017/18 is up 9 million tons (raw value) […]
Coffee prices continued their recent rally in October, with the monthly average of the ICO composite indicator reaching its highest monthly level since January 2015, the International Coffee Organization (ICO) said in its latest monthly market report. The daily price increased consistently over the course of the month, up from 136.17 cents to 150 — […]
Climate change is putting production and cost pressures on the supply of coffee in large parts of the world’s ‘bean belt’, and a study shows that rising temperatures will cut the area suitable for production by up to 50 per cent by 2050. According to Australia-based The Climate Institute’s A Brewing Storm: The climate change risks […]
Global sugar consumption for 2016/17 is forecast at a record 174 million metric tons (raw value), exceeding production and drawing stocks down to the lowest level since 2010/11, United States Department of Agriculture (USDA) said in its latest report. It said production is up 4 million tons to 169 million, as gains in Brazil and […]
