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Market Update - Bumper Thai crop hits premiums

Tuesday, 10 July 2018

Thai sugar production reached record levels this year and a similar-sized crop is forecast for next year, with the slowing global demand for raw sugar resulting in a real dog fight between Queensland and Thai exporters for Asian markets.

When two large competitors clash the unfortunate result is prices tend to reflect this oversupply. In actual terms, Thai sugar is currently being traded at a discount to the ICE 11 and with Queensland’s freight disadvantage evident, the traditional Far East premium enjoyed by Queensland exporters for many years is suffering. 

Click here to read our Market Update on this topic.