Original sentence: However, this does not apply to the global agriculture market, in which agricultural subsidies to US and European farmers whose products are exported (dumped) at prices below the cost of production
Edited sentence: But this only applies to local agricultural market which every village has, where everybody can come, sell and buy, for whatever price he likes, and no supplyer gets subsidies.However, this does of course not apply to the global agriculture market where you have huge distortions because of agricultural subsidies to US and European farmers whose products are exported and put on the global market for prices which are only possible due to the subsidies and are greatly to the disadvantage of small farmers in developing countries.Since US and EU use their market power in the form of subsidies for their farmers, the main requirement for perfect competition (no producer or consumer having the market power to influence prices in the market) is not given