5/20/2015

Brazil sugar industry group eyes trade case vs India, Thailand

Brazilian sugar cane producers are gathering evidence to persuade their government to launch a trade case against India and Thailand over subsidies, highlighting the growing global tensions stoked by the plunge in commodity prices. Eduardo Leão, executive director of the Brazilian cane industry association Unica, said the group hired an international law firm to dig into the subsidy programs, which they estimate could cost Brazil $1.2 billion a year in lost revenue.