Office of Cane and Sugar Board (OCSB), ... Aiming to Promote VIVE Standard towards World Market. 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. 23/Apr/2020 14/May/2020 Editor Admin Thailand Sugar. If prices remain low, mills would rather just sell in the domestic market," a trade analyst said. Access latest oil news and analysis, conferences and events. While Indonesia has typically sourced most of its sugar requirements from Thailand and Australia, moves are currently underway to boost imports from India amid bilateral efforts to export Indonesian palm oil to India. Thai raw sugar prices are expected to find support in the first half of 2020 due to a pickup in demand from key buyer Indonesia, whose stocks are running low after the number of import licenses were slashed this year. if the 5th attempt fails, the account will be locked for 30 minutes, Please use only English characters (A-Z, a-z), You already have an account, Please log in or reset password. "The Indonesian government released 400,000 mt of last-minute licenses only in late-November and December, which indicates that the country is short of sugar," an analyst told S&P Global Platts. Indonesia is the top importer of Thai raw sugar and accounts for approximately 70% of total Thai raw sugar exports. Our data is systematically collected and curated on a regular basis. 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. White and refined sugar exports for January-October dipped 9.2% on the year, while raw sugar exports fell by 4.5%, TSMC data showed. Access latest shipping news and analysis, conferences and events. Simply let us know what you are looking for and we will use our global network of local professionals, and extensive market data & intelligence to reach out to reliable suppliers in different countries. Explore commodity data and keep track of opportunities globally, Get the most competitive offers from suppliers, Sell food & agricultural products to global buyers. Tridge is a global sourcing hub that puts together data, network, and people to make cross-border trade happen. The Thai sugar industry is hit by the twin crises of falling exports and sliding price, according to industry experts. 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. 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. 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. Receive daily email alerts, subscriber notes & personalize your experience. 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. - 201301 India, Copyright © 2020. All you have to do is compare and choose the best one. Increase your market intelligence and insight by analyzing past and current market prices of Sugar in Thailand. 11 March futures. You can also attract buyers with offer campaigns. "If China continues to control the smuggling flow, this would negatively affect the white premium. Thailand is one of the prominent producers of sugar, so the amount of sugar consumed is more in the country. 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. [Yes] I would like to receive S&P Global Platts promotional emails. DROP IN THAI SUGAR PRODUCTION. Until recently Thailand operated one of the most protectionist sugar policies in the world. Thailand Sugar Market is estimated to be valued at US$2.136 billion and is estimated to grow further in the coming years. If you are a supplier who wants to increase your sales, join Tridge. Gold You can discover details including real-time market prices, local product varieties, seasonality, production & export volumes, and more. Thailand is one of the prominent producers of sugar, so the amount of sugar consumed is more in the country. Thailand’s Sugar Industry to Step Ahead without Fear of Shortage. If you are a supplier, easily sell your products by getting connected to buyers around the globe. Access latest coal news and analysis, conferences and events. Subscriber Notes can be received by Commodity Region, and Note Type. Make better decisions by exploring our reliable data of more than 10,000 products from over 200 countries. 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. 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. All Rights Reserved. If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password. Tridge is a leading global trading platform, of food & agricultural products, empowered by digital technology. Trust is the key in global trade platform. Trade sources noted that domestic stocks in Indonesia are expected to fall 10%-15% year on year amid weaker imports and a reduction in the issuance of additional licenses, which could potentially prompt the government to issue more licenses in 2020. Your registration is complete and your account is active. If you want to view other information for Sugar, go to the overview page. Although some people are shifting to artificial sweeteners or low-calorie sugar which can restrain the market. Thai raw sugar market to find support in 2020, China keeps 2020-21 corn import forecast unchanged despite surge in advance sales, EV makers’ battery choices raise questions about future cobalt demand. 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. Access latest metal news and analysis, conferences and events. H-140, Sector 63 Noida, U.P. Discover the latest news, comments and in-depth analysis of Sugar in Thailand. Knowledge Sourcing Intelligence LLP. The drought and weak monsoon in Thailand's major cane producing regions during the crucial growing season would also lead to slower cane development and a reduction in sugar yield, trade sources said. GLOBAL PLAYER. Thai raw sugar exports to Indonesia has declined by close to 18% on the year to 2.69 million mt for the January-October 2019 shipment period, data from the Thai Sugar Milling Corporation showed. "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. An email confirming your password has been sent. The government is looking to reduce the minimum ICUMSA to 600 in order to meet the color and quality requirements of Indian raw sugar. 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. The average Thai white premium in 2019 was $53/mt, down 23% year on year, compared with $73/mt in 2018, Platts data showed. 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. Enter your Email ID below and we will send you a link to reset your password. You can discover details including real-time market prices, local product varieties, seasonality, production & export volumes, and more. Access latest power news and analysis, conferences and events. You can discover details including top producing & exporting countries, real-time market prices, local product varieties, seasonality, production & export volumes, and more. Typically, Indian raw sugar has a 400 to 800 ICUMSA level. It’s free and easy to do. Simply let us know what you are looking for and we will try our best to help you. Access latest agriculture news and analysis, conferences and events. 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