Get the best offers of Sugar from verified suppliers from Thailand. Access latest power news and analysis, conferences and events. Thailand Sugar Market is estimated to be valued at US$2.136 billion and is estimated to grow further in the coming years. To continue reading you must login or register with us.
Market sources noted that there are no trade discussions reported between India and Indonesia at the moment, and that Indonesian buyers will likely continue to be a major buyer of Thai raw sugar in first-half 2020. As a result, the cane crushing season, which usually happens between mid- and end-November, was delayed to the start of December this year.
Also, many people consume a lot of sweet dishes and desserts so the demand for sugar is more which will augment the market growth Also the increasing foreign investments in the food industry of Thailand will create a positive impact and bolster the market growth further.
If you are a supplier who wants to increase your sales, join Tridge. 23/Apr/2020 14/May/2020 Editor Admin Thailand Sugar. DROP IN THAI SUGAR PRODUCTION.
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Tridge is a leading global trading platform, of food & agricultural products, empowered by digital technology. Tridge is a global sourcing hub that puts together data, network, and people to make cross-border trade happen. Thailand’s sugar industry is one of the largest worldwide, producing in 2015 around 11 mln tonnes and exporting almost 8 mln tonnes of sugar, ensuring its place as the second largest exporter after Brazil. If you want to view other information for Sugar, go to the overview page.
Until recently Thailand operated one of the most protectionist sugar policies in the world.
A stronger Thai cash premium is already building with next year's March-May 15 loading cargoes rising by close to 70% since the beginning of October at 84 points over the New York No. The government is looking to reduce the minimum ICUMSA to 600 in order to meet the color and quality requirements of Indian raw sugar. Subscriber Notes can be received by Commodity Region, and Note Type. Similarly, cash premiums for May-July 15 loading cargoes were also firmer at 84 points over the May futures, higher by over 60% since October 1.
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Please use the button below and we will bring you back here when complete. Annual global sugar exports are $24.6 billion and Thailand is the second largest exporting country with a 9.3% market share, with Brazil the dominant force on 42.4% of all exports.
- 201301 India, Copyright © 2020. He added that stronger expected demand from Indonesia in first half of 2020 and lower sugar production in Thailand would support prices, outweighing the fact that Thailand is expecting a large carry-over stock of over 1.5 million mt from the previous season.
Indonesia is the top importer of Thai raw sugar and accounts for approximately 70% of total Thai raw sugar exports. Thailand’s Sugar Industry to Step Ahead without Fear of Shortage. Access latest oil news and analysis, conferences and events. Producers would then focus on raw sugar sales rather than refined sugar," a Singapore-based trader said. If you have any questions or concerns please contact firstname.lastname@example.org or click here, Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center.
If you are a buyer who wants to buy a specific product, simply leave us an inquiry and we’ll find the best matching offers for you. Overview of Sugar Market in Thailand Explore detailed information about Thailand 's Sugar market. Explore commodity data and keep track of opportunities globally, Get the most competitive offers from suppliers, Sell food & agricultural products to global buyers. Thailand is the world's fourth-largest sugar producer and the second-largest exporter, trailing only Brazil. H-140, Sector 63 Noida, U.P. China's stricter enforcement on cross-border movement of sugar from Taiwan and Myanmar had a knock-on effect of weakening demand for Thai refined sugar, which would continue to put pressure on Thai white premium in 2020. By submitting this form you acknowledge that you have read and you agree to our, You must select at least one interest to continue,
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Access latest gas news and analysis, conferences and events. Explore detailed information about the global Sugar markets. This comes after a bumper crop and weak regional demand pressured Thai cash premiums in the previous marketing year, although recent trades indicate that the uptick for 2020 is already underway. Currently, Indonesian regulations allow the import of raw sugar with a minimum ICUMSA , or International Commission for Uniform Method of Sugar Analysis, level of 1,200. All you have to do is compare and choose the best one.
Enter your Email ID below and we will send you a link to reset your password. 18/Nov/2019 18/Nov/2019 Editor Admin KTIS, Thailand Sugar. "Central Thailand will only start crushing in mid-December because of the poor development of cane crop, while northeast Thailand will start crushing at the start of December," a Thai-based agronomist told Platts. Thailand Sugar Market is estimated to be valued at US$2.136 billion and is estimated to grow further in the coming years. Save time and hassle by doing business with verified suppliers. Adding to the strength of the Thai cash premiums is market expectations of a smaller sugar cane output in Thailand for the current marketing season (October 2019-September 2020), which will also support new crop values next year.
Real-time Market Prices of Sugar in Thailand. Office of Cane and Sugar Board (OCSB), ... Aiming to Promote VIVE Standard towards World Market. New and Discontinued Price Symbol Alerts are issued when we launch new assessments and announce discontinued assessments. A survey conducted on trading houses and analysts showed a lower estimation of cane production between 100 million to 110 million mt, with the median at 108 million mt, down 22% compared with the previous season. A stronger Thai raw sugar cash premiums for new crop is evident in the most recent Thai Quota B tender on December 5, where premiums gained by close to 50% compared with October. Unfortunately, we do not have Overview data related to Sugar in Thailand at the moment, but we may be able to help you find the data that you need. The Thai sugar policy model has been based on a combination of market differentiation using a quota system, domestic price support for cane producers and millers, and export subsidies. GLOBAL PLAYER. Another factor that producers would be watching closely is the Thai white premium environment -- the price difference between flat price of Thai 45i refined sugar and HiPol raw sugar.
Although the policy change could potentially alter raw sugar trade flows from India to Indonesia, several traders were skeptical that the policy change would happen anytime soon.
Thailand is one of the prominent producers of sugar, so the amount of sugar consumed is more in the country. If you are a premium subscriber, we are unable to send you a link to reset password for security reasons.
Make better decisions by exploring our reliable data of more than 10,000 products from over 200 countries. The most imminent threat to the industry is the falling price of sugar in the global market, which has currently dropped by 10 to 11 cent per pound, the lowest price in six years.
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