Australia seeking exposure to future US sugar demand in trade pact

Sydney

AUSTRALIA is seeking a guaranteed slice of any growth in demand in the US sugar market in talks with Washington on the Trans-Pacific Partnership (TPP) trade pact, a source with knowledge of the Australian position said.

Australia, the world's third-largest exporter of raw sugar, has rejected a US offer to permit 152,000 tonnes of imports per year, or 62,000 tonnes more than typical annual sales, according to data from Australia's commodity forecaster. The US offer w…