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India, Brazil control sugar exports, Thailand's sugar industry is good

 Last Update: 2022-08-16
 Source: Internet
 Author: User

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According to the "Thailand World Daily" report on June 30, the current global market sugar price is 19-20 cents per pound, an increase of more than 20% over the previous year, and there is a continuing upward tre.
The reason is the announcement by the governments of major exporters India and Brazil to control sugar exports for domestic consumption, which has become a positive factor for the growth of Thailand's sugar indust.
Thailand's sugar export data in the first three months of 2022 shows that the export volume in January was 180 million kilograms, a year-on-year increase of 298%, and the export value was 03 billion baht; in February, the export volume was 220 million kilograms, an increase of 448% year-on-year, and the export value was 5 billi.
Baht; the export volume in March was 200 million kilograms, a year-on-year increase of 176%, and the export value was 18 billion ba.
The devaluation of the baht is also a factor to support sugar exporters to earn more income, said the chairman of the sugar industry group of the Federation of Thai Industri.
Rising sugar prices have pushed up the price of sugarcane, which in turn motivates farmers to expand sugarcane acreage, which will increase Thailand's future producti.

Export of Brazilian sugar

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