The Ministry of Trade and Industry has decided to levy a temporary anti-dumping tax of 44.88% on raw sugar and 33.88% on refined sugar imported from Thailand.
Thailand -US$1.7 billion invested in Bio-Circular-Green economic activities during Jan-Sep 2020 [Registered]
In the first nine months of 2020, local and international companies applied to invest as much as US$1.7 billion in Thailand in more than 300 projects in the sectors listed as “BCG”, or Bio-Circular-Green economic activities focused on environmental protection and sustainability, according to the Thailand Board of Investment (BOI).
The Vietnamese government announced Feb. 9 its plans to impose an anti-dumping duty of on raw and refined sugar from Thailand, claiming soaring imports are undermining its domestic sugar industry.
Thai companies are allegedly dumping sugar in Vietnam and hurting farmers, say Vietnamese sugar producers, according to local press reports.
Covid-19 pandemic triggers fall in global ethanol production by almost 15% in 2020 [Full subscriber]
Strongly impacted by the Covid‑19 crisis, global ethanol production is anticipated to contract 14.5% to 98 billion litres in 2020 – from 115 billion litres in 2019. Around 80% of the y-o-y fall in output is in the key markets of Brazil and the United States, according to a new report by the International Energy Agency (IEA).
Thailand saw a 12-fold jump in its sugar syrup exports to China in 2020, according to a recent USDA attaché report.
Thai cabinet on 9th June approved financial assistance of THB10 billion (US$321 million) to be paid to about 300,000 sugarcane growers under a subsidy programme.
With Thailand in the midst of its worst drought in four decades, cane growers are hit hard by the decline in both drop in productivity and rising production costs, placing a severe strain on their enterprise. To mitigate this, the Industry Ministry has stepped in with financial of THB10.2 billion (US$318 million).
Thailand – 2019/20 campaign ends with sugar output falling 43% to 8.27 million tonnes [Full subscriber]
The 2019/20 campaign ended recently, according to the Thai Sugar Millers Corporation. Both sugarcane production and cane sugar production fell by 43% – cane output from 130.97 million tonnes in the previous year to 74.89 million tonnes and sugar output from 14.58 million tonnes to 8.27 million.