Thailand's Sugar Supplies Scaled Back by 650,000 Tonnes by ISO

[webfact]

Thailand's Sugar Supplies Scaled Back by 650,000 Tonnes by ISO
BY JACOB MASLOW



BANGKOK: -- The International Sugar Organization (ISO) has announced that sugar will not reach its supply forecasts as demand continues to grow. Output levels have fallen in recent months, and the London-based organization increased its sugar deficit forecast to 5 million tonnes amid lower output in Brazil, the European Union, India and Thailand.

Forecasts pointed to a 3.5 million tonne deficit in sugar in November 2015. Just a year earlier, it was reported that there was a 2.3 million tonne surplus.

The revised forecast had an immediate impact on the sugar industry. Prices for sugar have risen by 7% since the announcement was made on Friday. Global output of sugar has contracted from 171.2 million tonnes in 2014/2015 down to 166.8 million tonnes in 2015/2016. This is the third season in a row in which sugar production has contracted.

Full story: https://ethailand.com/business-news/thailands-sugar-supplies-scaled-back-by-650000-tonnes-by-iso/1613/

-- eThailand 2016-02-25

[rhythmworx]

First here

[canathai8]

Next to jumping "getting caught.." Sugar is the absolute worst thing for your health..

Despicable stuff that..and damned addictive, like the women..

[rhythmworx]

Smoking is worse I think but sugar is bad.

[doremifasol]

Much of the hidden sugars hide out under your own roof, in unassuming places like ketchup, frozen dinners, beef jerky, and bread. Don't be tricked.

[BuaBS]

Sugar is not that bad . I sometimes spoon my way through a packet of sugar. The sweets & candy sold here are overpriced & not good enough laden with chemicals & colourings. Don't like the brown sugar though , tastes too different from european sugar.

[topt]

First here

Meaning what exactly?

[Srikcir]

Thailand's sugar supplies weren't exactly "scaled back" if one thinks of production being deliberately slowed.

Sugar prices in New York have rebounded 43 percent since reaching a seven-year low in August 2015. Obviously sugar production would be a boon to Thai farmers. Sugar cane growers and farmers in the Northeast are the happiest groups of agriculturalists, according to a recent survey by the Bank for Agriculture and Agricultural Cooperatives (2015-01-09). In fact the Prayut government urged rice farmers and rubber planters to switch to sugarcane and other crops while waiting for prices of those two important products to pick up (2015-03-02).

So why the "scale back?"

The 2015 drought simply shriveled the nation's sugar crops.

[Exnavy]

DON'T KNOW HOW SUGARCANE GROWERS ANYWHERE IN THAILAND ARE SATISFIED WITH CURRENT PRICES. TWO YEARS AGO THE PRICE PER TON AT THE MILL WAS 1,200 BAHT. WE WERE RECENTLY PAID 885 BAHT PER TON AND OTHER GROWERS I KNOW GOT LESS. MAYBE THIS WORLD SHORTAGE WILL PUSH THE PRICE BACK TO NORMAL FOR NEXT YEAR BUT CAN'T SEE MUCH CHANGE FOR THIS YEAR.

[Ulic]

A buddy used to call the "white death", salt, sugar, and cocaine.