commodities

Asia Sugar-Raw focus on Thai crop

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.

Published

8 years ago

November 15, 2012

Bandid Nijathaworn

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.

via Asia Sugar-Raw premiums steady; focus on Thai crop.

commodities

Gold rush hits Thailand as prices surge

The value of gold has rocketed by Bt7,000 per baht weight since the beginning of this year, generating returns of over 20 per cent.

Published

6 months ago

July 30, 2020

Akanksha Singh

Photo : Adam Jones

People flocked to sell their gold at China town. The Gold Traders Association announced the buying and selling prices of gold has increased by 50 baht to a historic high.

(more…)

commodities

Thailand’s rice exports slump to decade low

Thailand could drop to the world’s third largest rice exporter, after Vietnam and India, as Thai rice exports slump to a decade low of 6.5 million tonnes.

Published

6 months ago

July 23, 2020

Headline Editor

The strong baht makes it harder for Thai exporters to compete with other top producers like Vietnam and India.

The Thai Rice Exporters Association cut its projection for 2020 rice exports from 7.5 million tonnes to 6.5 million tonnes, the lowest in a decade.

(more…)

commodities

US oil down more than 9% in Asian trade

Prices have collapsed in recent weeks as demand for the commodity evaporated owing to lockdowns and travel restrictions imposed worldwide to fight the virus.

Published

9 months ago

April 27, 2020

Agence France-Presse

US oil prices fell heavily Monday on renewed concerns over storage capacity as the coronavirus throttles demand, even as producers start slashing output to boost markets.

(more…)