Thailand’s military government has eliminated control of domestic sugar prices and sales administration, the industry minister Minister Uttama Savanayana said on 16th January.
The Thai cabinet has agreed in principle on four sugar-related regulatory announcements which pave the way for the revocation of the fixed retail price so as to meet World Trade Organisation (WTO) rules, according to Bangkok Post.
The Thai government will stop subsidizing sugar production and drop domestic control of consumer prices for sugar by the end of the year, according to a Ministry of Agriculture official, reported Reuters.
In a pre-emptive move against the challenge by Brazil at the World Trade Organization (WTO) that Thailand is subsidising its sugar producers, it is planning to overhaul its sugar production, quota allocation and revenue sharing systems, reports Bangkok Post.
The Ghanaian Government is preparing to put in place a national policy to drive sugar production in the country, said President John Dramani Mahama during the inauguration of the refurbished Komenda Sugar factory on May 30 at Komenda.