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Cash is in the sugar bag
21 Jun 2004
Over the next few days, Australia's 6,000 sugar-cane farmers will receive taxpayer-funded cheques totalling $70 million, with each farmer getting an average $12,000 this week and the same amount next January. The assistance money is part of the Federal Government's deal to appease cane growers after sugar was excluded from the US-Australia free trade agreement.
Farmers will receive the payments despite the sugar price rebounding by 20 per cent. For most of this year world prices have been around $200 a tonne, but they have risen to about $240 a tonne recently, according to Queensland Sugar.
The Australian, 21/6/04.
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