Sugar exports in 2022/23 are forecast to increase by 17% to 9 million tonnes, according to the Office of the Cane and Sugar Board, reported Reuters.
Thailand – Afyren partners with Mitr Phol to build a biorefinery producing carboxylic acids [Full subscriber]
French biotech start-up Afyren is partnering with Mitr Phol, the world’s third largest sugar producer, to form a 70-30 joint venture biorefinery in Thailand.
Vietnam imposes 47.64% duty on Thai sugar shipped via 5 ASEAN countries [Full subscriber]
The country’s trade ministry said that Vietnam has imposed an anti-dumping and anti-circumvention levy on Thai sugar imported via 5 ASEAN nations.
Thai sugar exported/smuggled to Vietnam via 5 ASEAN countries [Full subscriber]
According to the Vietnam Sugar Association (VSA), in the first 5 months of 2022, there was an unusually sharp increase in sugar imports from ASEAN countries (Cambodia, Indonesia, Laos, Malaysia, Myanmar).
Thailand – Cane growers to get soft loans to improve production efficiency [Full subscriber]
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.
Vietnam now has to combat Thai sugar smuggled from Cambodia and Laos, says VSSA [Full subscriber]
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.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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