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Pakistan, India dominance on sugar market worries Australia

LONDON: The policies of India and Pakistan have contributed to a global glut in the world’s sugar market, Australia’s Minister for Trade Simon Birmingham said. “It is clear that export subsidies introduced recently by the Indian and Pakistan Governments have contributed to a growing glut on global markets,” Birmingham said in an emailed statement to Reuters. “ has expressed its concerns to the Indian and Pakistani Government at the highest levels in the clearest possible terms.” Raw sugar futures in New York slumped…