webfact Posted May 2, 2017 Share Posted May 2, 2017 Sugar prices to float late this year BANGKOK, 2 May 2017 (NNT) - The Office of the Cane and Sugar Board will let sugar prices float in December this year whereas sugar prices in the global market remain relatively stable. Secretary-General of the Office of the Cane and Sugar Board Somsak Jantararoungtong said the plan to float sugar prices will be clearer in October and will be implemented in December. The move was endorsed after Brazil had threatened to file a lawsuit against Thailand at World Trade Organization. Brazil has claimed that Thailand’s sugar subsidy program is crashing the global market. Consumers will be slightly affected by the decision, said Somsak, because global prices have remained somewhat stable. Legal amendments are now underway to facilitate the floating price policy. -- nnt 2017-05-02 Link to comment Share on other sites More sharing options...
worgeordie Posted May 2, 2017 Share Posted May 2, 2017 The price is sure to float UP. regards Worgeordie Link to comment Share on other sites More sharing options...
cloudhopper Posted May 2, 2017 Share Posted May 2, 2017 (edited) 1 hour ago, worgeordie said: The price is sure to float UP. regards Worgeordie Why? Edited May 2, 2017 by cloudhopper Link to comment Share on other sites More sharing options...
Muhendis Posted May 2, 2017 Share Posted May 2, 2017 5 hours ago, worgeordie said: The price is sure to float UP. regards Worgeordie Depends if you're a buyer or seller. Down for the farmer and up for the consumer. Link to comment Share on other sites More sharing options...
Keesters Posted May 3, 2017 Share Posted May 3, 2017 Let the hoarding begin. Link to comment Share on other sites More sharing options...
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