Thailand govenment raises sugar cane price
The government yesterday sanctioned a definitive sugar cane price for the 2022/2023 season at 1,197 baht (US$33) per tonne, marking a substantial increase of 117 baht from the preliminary price of 1,080 baht per tonne. In parallel, the initial price for the 2023/2024 season was ratified by the cabinet, standing at 1,420 baht per tonne.
It is reported by thethaiger.com.
Government spokesperson, Chai Wacharonke, indicated that the final prices applied to sugar cane demonstrating a commercial cane sugar (CCS) sweetness level of ten. The CCS value expresses the sweetness of the cane. Higher sugar content translates into larger sugar yields and correspondingly higher CCS.
The Cabinet further implemented a rate of increase/decrease in the sugar cane price, corresponding to 71.85 baht per 1 CCS unit. The revenue for sugar production and distribution was established at 513.23 baht per tonne of processed sugar cane.