Raw sugar premiums have hardly moved as buyers turn their attention to the crushing season in Thailand which starts this week and could cut prices in coming weeks, dealers said on Wednesday.
Thailand has cut its forecast for sugar output in the year to October 2013, to 9.4 million tonnes from 10 million, because of poor rain, but the figure is in line with traders’ estimates of 9.3 million to 9.5 million tonnes.
“I guess sugar from the new crop must have been sold to trading houses. The sugar has been committed to traders,” a dealer in Bangkok said.
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.(more…)
Covid-19 and food security: can emerging economies mitigate rising prices?
The Food Price Index, established by the UN’s Food and Agriculture Organisation (FAO) to track monthly changes in international food prices, rose for the eighth consecutive month in January, primarily as a result of Covid-19.
An increase in food prices following the coronavirus pandemic has intensified concerns related to global food security. For emerging markets, this has further underlined the importance of regional cooperation and innovative solutions to help overcome the challenges.(more…)
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