The Australian government is expected to unveil an aid package this week for the country’s sugar industry after it did not form part of a free trade agreement with the US.

“The sugar package I’m going to announce very soon is very comprehensive. I think it will be seen by people as being a very fair and detailed and generous response to a very difficult issue,” Prime Minister John Howard was quoted by Reuters as saying.   

The package, expected to be worth between A$300m (US$219.7m) and $400m, is aimed at helping the struggling industry recover from losses caused by low world sugar prices, which the industry blames on subsidies and price supports in Europe, the US and elsewhere.

The Australian sugar industry was also excluded from a recent free trade deal between Australia and the US that would have given it access to the US market at better price levels, reported Reuters.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.