Archives for August 24, 2011

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World sugar stocks on track for recovery

By Lynda Searby

Sugar stocks should rise significantly from their current low levels, with analysts forecasting a global sugar surplus of around 9.5m tonnes in the 2011/12 (October-September) crop year, on the back of increased production in Europe and Asia.

Petition filed in NZ against tax on food products

By Ankush Chibber

A petition filed in the New Zealand Parliament on August 16 challenges the Goods and Services Tax (GST) levied on food in the country; a tax that was first levied in the 1980s.

Alcohol may get health labels in Australia

By Ankush Chibber

Consumer groups have urged the Australian government to make alcohol health warning labels on liquor beverages mandatory to help reduce the harm caused by alcohol.