BANGKOK : Thai sugar exports could face delays next year, producers and sellers of the sweetener said, after the government introduced new measures to protect domestic supply and prevent smuggling.
Sugarcane is seen after being harvested in a field at Pakchong district in Ratchaburi province, Thailand March 22, 2016. REUTERS/Jorge Silva/File photo
"The premium of Thai sugar is that buyers get quality products on time," Rathavudh Saetang, assistant managing director of marketing for exporter Khonburi Sugar, told Reuters.A delay in sugar exports from Thailand could support global sugar prices which are trading close to a 12-year high. Local white sugar is 19 baht per kilo and refined white sugar is 20 baht per kilo. December white sugar on ICE climbed to a 12-year high of $772.9 a ton on Tuesday.
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