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thailand sugar price

Thawatchai, like many other sugarcane farmers in the Northeast, started off growing rice on his 30 rai of land. The price for sugarcane started at 500-600 baht per ton. Another academic researching the effects of sugarcane and sugar industry in Isaan, Sataporn Roengtam from the Faculty of Humanities and Social Sciences at Khon Kaen University, is also skeptical of the government’s sugarcane policy. In the past few years, though, a trade dispute with Brazil in the World Trade Organization (WTO) has caused the government to float Thai sugar prices on the world market. “We have to deal with the fact that the price of sugarcane is going down.”. Mr. Somchai Harnhirun, the deputy industry minister, said the ministry will revoke its 70:30 profit-sharing system, in place since 1984, requiring the end of its quota system as domestic prices are floated. Mr. Somchai said Thailand has revoked the sugar quota system, which sets aside three quotas each year to prevent sugar shortages. sugar exports due to reduced raw sugar demand from the sugar refinery business caused by unattractive margins between raw and refined sugar prices. He seriously doubts if his son will be the third. Additional material by Teresa Montanero who majors in Anthropology at Georgetown University and studied about development and human rights issues in the Northeast in spring 2019. agricultural policy agriculture economy Special Series sugar sugar industry sugar powerhouse sugarcane Sweetness&Power world market WTO. THAILAND: The New Cane Cultivation Technique Reduces Cane Sett Costs by 4 Times, Malaysia Aims to Become Largest Liquid Sugar Provider in Asia. The older two have no interest in farming. Somkit’s family can expect to pay, at the low end, 7,000 baht for inputs per rai. The government said it could handle the local sugar price without affecting buyers. According to the Nam Phong Sugarcane Growers’ Association of Khon Kaen province 80 percent of the 8,000 current members complained about the sugarcane price being lower than the input cost. The average input costs at a minimum are 7,000 to 8,000 baht per rai. The price for sugarcane started at 500-600 baht per ton. All rights reserved. Santiparp Siriwattanaphaiboon, an environmental expert from Udon Thani Rajabhat University is concerned that the government’s policy of sugarcane expansion might backfire. The plan to float the sugar price had been postponed since Dec 1. He had made a profit and had a modest debt. “We acknowledge and understand that the price of sugarcane is lower than the input cost,” the secretary-general admits. At today’s prices, Somkit would make 395,000 baht–a mere 45,000 baht in profit, or almost 1,000 baht per rai. Under the ten-year plan, the buzz words are “Smart Farming” and “Bio Hub.” Smart Farming would “increase the efficiency of the production” by using “modern agriculture.” With Smart Farmers producing more and sweeter sugarcane, new technologies will “push forward the bio-economy” and make Thailand the “Bio Hub of ASEAN” by 2024. Sugarcane yields about of ten tons per rai, Sugarcane farmers who work more than 200 rai (32 hectare), “My family has been growing sugarcane for more than 30 years,” he tells, If the fates of both large and small scale farms are now tied to a low world market price of sugar, it doesn’t seem as if the government has noticed. I have to keep fighting.”. Sugar imports from Thailand enjoy upswing following ATIGA enforcement. Cutting his cultivation from 16 to 6.4 hectares dropped Thawatchai into the ranks of “small” producers, a group that makes up two thirds of the Northeast’s sugarcane farmers. Production 1.1 Sugarcane MY2019/20 sugarcane production is forecast to decline to around 127 million metric tons (Figure 1.1.1). But partly due to the policy’s success, the increased production of sugar has lowered the price of sugarcane in 2018/19 to only about 700 baht per ton. The amount is not small. Thailand produced 10 million tonnes of sugar from 93 million tonnes of sugar cane last year. “The price of sugarcane has been low for years, and I had to cut down my farm land from 80 to 40, Cutting his cultivation from 16 to 6.4 hectares dropped Thawatchai into the ranks of “small” producers, a group that makes up. At present, the average sugar price of London No. Somkit Srinakaew is a 50-year-old farmer from Nam Phong district in Khon Kaen province.

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