Thai cabinet approved on 20th May fresh measures to help cane growers develop water resources for irrigation, expand plot size to support mechanisation and buy farm machinery through soft loans, according to local press reports.
Vietnam – Sugar industry on the mend following anti-dumping duty against Thailand in 2021 [Full subscriber]
Following the imposition of anti-dumping and anti-subsidy duties, the volume of Thai sugar imported to Vietnam hit a four-year low in Q1 2022, according to local press reports.
Thailand – Cane growers unlikely to benefit from high sugar prices as production costs increase [Full subscriber]
Thai cane growers will not benefit from high global sugar prices as their production costs, including fertilisers and oil, have escalated following Russia’s invasion of Ukraine, according to local press reports.
The Vietnam Sugar and Sugarcane Association (VSSA) reports that the volume of sugar exported to Vietnam from Laos has increased sixty-fold since the country imposed an anti-dumping tax on Thai sugar in 2021.
Thailand – Marubeni and Mitr Phol partner to pursue biofuel, renewable energy projects [Full subscriber]
Japan’s Marubeni said on 24th January it will partner with Thai sugar producer Mitr Phol Sugar to jointly make bioplastic products, produce bioethanol and develop renewable energy projects in Thailand.
Thailand –Growers supplying green cane not adhering to set quality standards, millers complain [Full subscriber]
The shift to green cane harvesting to address pollution has another issue – specifically for sugar millers. They have approached the government to encourage growers to supply quality green cane and adhere to set regulations.
Thailand – Sugar millers protest against paying cane growers extra for waste streams [Full subscriber]
On November 15, 2021, Mr Siriwut Siemphakdi, Executive Vice President of Thai Sugar Miller Company Limited (TSMC) and chairman of the Public Relations Working Group, revealed that the 3 Sugar Mill Associations representing 57 sugar factories resigned from the committee pushing through the draft amendment to Section 4 of the Cane and Sugar Act, BE 2527 (1984).
In a bid to lessen the burden on businesses operating in the soft drinks sector and consumers during the ongoing pandemic, the government postponed the implementation of the third phase of the progressive sugar tax on soft drinks, which was set to start on October 1, 2021.
Vietnam launches probe into allegations of dumping of Thai sugar via neighbouring countries [Full subscriber]
Vietnam’s Ministry of Industry and Trade (MOIT) launched on 21st September an investigation into allegations that sugar originating from Thailand is being imported via neighbouring countries to avoid anti-dumping taxes, its trade ministry said.
Sugar factories under the Thai Sugar Millers Corporation (TSMC) will maintain their guarantee price to buy green sugarcane at THB1,000 (US$30.18) per tonne from farmers in a bid to encourage them to adhere to the government policy and not burn the crop before harvesting, according to local press reports.