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.
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…)
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.
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.
Traveloka to launch financial services in Vietnam and Thailand
Traveloka, which says it has 40 million active monthly users, is developing “buy now, pay later” services for Vietnam and...
Singapore’s Resilience Package: Support for Businesses and Jobs in 2021
The maximum loan quantum for domestic projects is S$30 million (US$22.7 million) and the government’s risk-share of loans is up...
US pledges to enhance cooperation with Mekong subregion’s countries
The US will bolster support for countries in the Mekong subregion through the Mekong-US partnership, US Principal Deputy Assistant Secretary...
1.7 million Thais without smartphones register for "Rao Chana" benefits
The Rao Chana scheme has seen a large number of Thais who don't have smartphones visiting the branches of Krung...
BoI allows private sector in border logistics center
NAKHON PHANOM (NNT) – The Thailand Board of Investment (BoI) has agreed to allow the private sector getting involved in...
Thailand Post joins Prompt Song app to buy supplies at market for restaurants
BANGKOK (NNT) – Thailand Post Distribution Co., Ltd. has joined with the Prompt Song application to buy supplies at a...